10 Year NNN La-Z-Boy

7540 W 135th St, Overland Park, KS

Property Information

Price Summary

$ 5,700,000

Cap Rate

6.6 %

NOI

$ 377,014

Total Lot Size

2.01 Acres

Building Size

20,278 SF

Partner

T: (817) 980-0512

Corporately Guaranteed by La-Z-Boy Incorporated (NYSE: LZB) — Nearly $1.5 Billion Market Cap, $306 Million in Cash, Zero Long-Term Debt, and $2.1 Billion in Annual Revenue
Absolute NNN Lease With Zero Landlord Responsibilities and Built-In 10% Rent Increases Every 5 Years
Long-Term Commitment Demonstrated by a Recent 10-Year Lease Extension and 20 Year Operating History at this Location
Premier Location Within the Village of Overland Pointe Retail Node Surrounded by Sam’s Club, Home Depot, Costco, Chick-fil-A, Chipotle, JCPenney, Ulta, and Dozens of National Retailers
High Visibility and Traffic With 54,900 VPD, Direct Highway 69 Exposure, and a Dense 5-Mile Trade Area Exceeding 211,000 Residents
Affluent Community With an Average Household Income of Over $168K Within 5-Mile Radius
Well-Located Within the Kansas City MSA, One of the Midwest’s Largest and Most Established Metro Areas, Serving 2.2M+ Residents