10 Year NNN La-Z-Boy
Overland Park,
KS
PROPERTY INFORMATION
PRICE SUMMARY
$ 5700000
CAP RATE
6.6 %
NOI
$ 377014
TOTAL LOT SIZE
2.01 Acres
BUILDING SIZE
20278 SF
PROPERTY HIGHLIGHTS
- 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
10 Year NNN La-Z-Boy
|
7540 W 135th St,
Overland Park,
KS
66223
-
POINT OF CONTACT
-
In cooperation with Brian Brockman at Bang Realty-Kansas Inc | KS #239819 | bor@bangrealty.com | (513) 898-1551
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