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Views: 100 DOM: 335 Updated: 10.29.24 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 7.10
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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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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

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