Discovery Behavioral Health

7150-7170 Silverheel Street, Shawnee, KS 66227

$4,990,000

Cap Rate 7.25%

Views: 33 DOM: 153 Updated: 04.15.24 Posted: 12.16.23 Status: Active

Summary

Price $4,990,000	Built/Renov 2019	Tenant Discovery Behavioral Health
Cap Rate 7.25%	Lease Type NN+	Guarantor Corporate
Size/SF 13,156	Lease Start 09-15-2022	#Units 163
Price/SF $379.29	Expiration 09-14-2032	Tenant Type Medical/Health
NOI $361,876	R. Term 8.4	Ownership Fee Simple
Rent/SF $27.51	Increases 2.0%/1/yrs	Pop 5Mi 71,386
Lot/AC 1.60	Options 2/5yrs/2%	AHHI 5Mi $136,618

Lease Highlights

Discovery Behavioral Health has 8+ years remaining on the current lease term with 2 (5-year) options to extend
Lease features 2% annual rental increase throughout the initial term and FMV at the start of each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Discovery Behavioral Health is strategically located on Sliverheel Street, offering an ideal location near two major highways in the area. The property enjoys high visibility from K-7 Highway, with a daily traffic count of 27,640 vehicles, and it is conveniently situated just 1 mile south of Shawnee Mission Parkway. In the vicinity, well-known national tenants such as Wendy’s, Dairy Queen,...

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Key Features

Build to suit
Near major nationals
Strategically located
Freeway visibility
Top 100 MSA
Affluent AHHI $100K 5 Mi
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Over 100 Units backed

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Links

Discovery Behavioral Health Wikipedia Shawnee, Kansas Zip Code 66227 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Discovery Behavioral Health
Guarantor:Corporate
Company:Webster Equity Partners
# Units:163
Stock:Private

About Tenant

Discovery Behavioral Health offers mental health, eating disorder, and addiction services in a continuum of care including outpatient, intensive outpatient, partial hospitalization/day treatment,...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,904	31,154	74,247
2023 Total Population :	3,516	29,604	71,387
2023 Employed Civilian Pop :	1,470	15,589	38,763
2023 Total Businesses :	226	737	1,967
2023 Average Household Income :	$ 143,612	$ 166,430	$ 153,099
2023 Total Consumer Spending :	$ 165 M	$ 1407 M	$ 3524 M
2023 Median Age :	41	36	37
2023 Total Households :	1,361	10,018	27,029
2023 Pop Age 25+: Bachelor's Degree :	927	7,348	16,949
2023 Average Home Value :	$ 446,282	$ 431,974	$ 422,676

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	Anderson St	2021	1,946	0.44 mi
	Anderson St	2021	1,946	0.44 mi
W 75th St	McCoy St	2016	1,915	0.46 mi
	Hwy 10	2021	31,800	0.47 mi
	W 68th St	2021	5,340	0.50 mi
	State Hwy 7	2021	3,130	0.56 mi
West 75th Street	Hedge LnTer	2021	1,510	0.57 mi
	Monticello Rd	2021	2,108	0.58 mi
	Monticello Rd	2021	2,108	0.58 mi
	State Hwy 7	2021	530	0.68 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

117 Listings
5284 Views
50 Sold

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5149 Views
54 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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