Shopping Community
BluSky Salon & Dogtopia
6905 & 6913 W 135th St, Overland Park, KS 66223
Listing Price: $2,580,000
Cap Rate
7.00%
Gross SF
10,267
Rentable SF
10,267
Price/Gross SF
$251.29
Lot Size
1.00 acres
Year Built
2008
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a two-tenant retail building in Corbin Park Shopping Center in Overland Park, KS.
BluSky Salon & Dogtopia
Investment Highlights
- Seller-Carry Financing Terms: LTV: 85% Interest Rate: 5% Loan Type: Interest Only Loan Term: 5 Years Year 1 Cash on Cash: 18.32%
- Opportunity to acquire two retail buildings (B1 & B3) in a class A lifestyle/mixed use center, Corbin Park Shopping Center
- Building B3 is a single-tenant net lease building that is occupied by BlueSky Salon Suites. BlueSky Salon Suites signed a 10-Year lease that commenced in September of 2023
- Building B1 is a two-tenant retail building that is currently 74.86% occupied. DogTopia is the sole tenant in building B1, they have 3 x 5-Year options to renew and currently expire on 6/30/2028
- Shadow Anchored by JCPenney, Dave & Busters, and Scheel's
- Corbin Park Shopping Center contains 1.1 million square feet of retail with attractive high-end finishes with an estimated 6.22 million visitors per year. Corbin Park is the 6th busiest (based on foot traffic) shopping center in Kansas and in is the 98th percentile nationwide (Placer. ai).
- Overland Park is one of the country's premier suburbs. Within a one-mile radius of the subject property, the average household income is $145,379 and within three miles it is $157,337. The high incomes are paired with a rapidly growing population, projected at 13.54% and 7.02% within a one- and three-mile radius over the next five years.
Broker of Record
Listing Price: $2,580,000
Cap Rate
7.00%
Gross SF
10,267
Rentable SF
10,267
Price/Gross SF
$251.29
Lot Size
1.00 acres
Year Built
2008
Investment Highlights
- Seller-Carry Financing Terms: LTV: 85% Interest Rate: 5% Loan Type: Interest Only Loan Term: 5 Years Year 1 Cash on Cash: 18.32%
- Opportunity to acquire two retail buildings (B1 & B3) in a class A lifestyle/mixed use center, Corbin Park Shopping Center
- Building B3 is a single-tenant net lease building that is occupied by BlueSky Salon Suites. BlueSky Salon Suites signed a 10-Year lease that commenced in September of 2023
- Building B1 is a two-tenant retail building that is currently 74.86% occupied. DogTopia is the sole tenant in building B1, they have 3 x 5-Year options to renew and currently expire on 6/30/2028
- Shadow Anchored by JCPenney, Dave & Busters, and Scheel's
- Corbin Park Shopping Center contains 1.1 million square feet of retail with attractive high-end finishes with an estimated 6.22 million visitors per year. Corbin Park is the 6th busiest (based on foot traffic) shopping center in Kansas and in is the 98th percentile nationwide (Placer. ai).
- Overland Park is one of the country's premier suburbs. Within a one-mile radius of the subject property, the average household income is $145,379 and within three miles it is $157,337. The high incomes are paired with a rapidly growing population, projected at 13.54% and 7.02% within a one- and three-mile radius over the next five years.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a two-tenant retail building in Corbin Park Shopping Center in Overland Park, KS.
Broker of Record
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