Restaurant
Corp. Bojangles w/ Dr-Thru | Rare 3% Annual Rent Bumps| Trophy Real Estate | Brand New 15Yr Abs. Net
12005 Metcalf Ave, Overland Park (Kansas City MSA), KS 66213
Listing Price: $3,400,000
Investment Overview
Overland Park, Kansas is the second-largest city in the state, with a citywide population of approximately 202,893 residents and part of the broader Kansas City metropolitan area, one of the Midwest's largest and most diversified regional economies. Located in Johnson County, Overland Park consistently ranks among the most affluent submarkets in the Kansas City metro, with a reported median household income of approximately $104,384 citywide and a Johnson County median around $107,000, both well above state and national averages. The city also reports a highly educated workforce, with nearly 63% of residents 25 and older holding a bachelor's degree or higher, and unemployment has remained low, around 3.5% in recent reporting.
The subject property sits along the Metcalf Avenue corridor near 119th Street, one of Overland Park's most established retail arteries, anchored by national grocers, big-box retailers, and healthcare institutions. Nearby, Aspiria, the redevelopment of the former 3.8-million-square-foot Sprint World Headquarters campus, continues to serve as a major employment and education hub, home to national and regional corporate tenants as well as Ottawa University's Overland Park campus. The surrounding area also includes a concentrated healthcare corridor anchored by Menorah Medical Center, Saint Luke's South Hospital, and Children's Mercy Kansas, reinforcing steady daytime population and visitor traffic.
With strong household incomes, an educated workforce, low unemployment, and a mature, diversified commercial base spanning retail, healthcare, and corporate employment, Overland Park offers a stable, growth-oriented trade area supported by long-term regional economic fundamentals within the Kansas City metro.
Corp. Bojangles w/ Dr-Thru | Rare 3% Annual Rent Bumps| Trophy Real Estate | Brand New 15Yr Abs. Net
Investment Highlights
- Corporate Backed 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring Rare Above Average 3.0% Annual Rental Increases throughout the Initial Term and Options.
- High-Traffic Retail Corridor: Property Sits at the Signalized Hard-Corner Intersection of 119th Street and Metcalf Avenue, One of Overland Park's Busiest North-South Retail Arteries.
- Growing National Brand: Bojangles Operates Nearly 870 Restaurants Systemwide across more than 20 States, Opening over 40 New Locations in 2025 Alone and Continuing Expansion into 2026.
- Exceptional Daytime Population and Education Hub: Site Sits within a Trade Area Anchored by Aspiria's 3.8-Million-Square-Foot Former Sprint Campus, an Employment Hub Also Home to Ottawa University, Drawing Students Nationally and Internationally.
- Premier, Established Retail Corridor: Site Sits along One of Overland Park's Most Sought-After Retail Corridors at 119th and Metcalf, Surrounded by a Long-Standing Mix of National Retailers, Grocery Anchors, and Restaurants.
- Grocery-Anchored Pad Site: Property Sits as an Outparcel Pad to Aldi and Pan-Asia Supermarket, Two Established Grocery Anchors Driving Consistent Daily Shopper Traffic and Cross-Shopping Visibility throughout the Immediate Trade Area.
- Power Center Anchors on Both Sides: Property Sits Directly across from Overland Crossing (Whole Foods, Nordstrom Rack, Burlington) and Directly North of a Second Power Center (Walmart Supercenter, Kohl's, Best Buy, Guitar Center), Reinforcing the Corridor's Retail Strength.
- Regional Medical Cluster: Property Sits Minutes from Menorah Medical Center, Saint Luke's South Hospital, and Children's Mercy Kansas, Placing the Site within One of Johnson County's Most Concentrated Healthcare Employment and Visitor Corridors. Eligible for Accelerated and 100% Bonus Depreciation on Qualifying Components, Subject to Cost Segregation and the Treatment of Tenant-Funded Improvements.
Broker of Record
Restaurant
Corp. Bojangles w/ Dr-Thru | Rare 3% Annual Rent Bumps| Trophy Real Estate | Brand New 15Yr Abs. Net
Listing Price: $3,400,000
Investment Highlights
- Corporate Backed 15 Year Absolute Net Lease (Zero Landlord Responsibilities) Featuring Rare Above Average 3.0% Annual Rental Increases throughout the Initial Term and Options.
- High-Traffic Retail Corridor: Property Sits at the Signalized Hard-Corner Intersection of 119th Street and Metcalf Avenue, One of Overland Park's Busiest North-South Retail Arteries.
- Growing National Brand: Bojangles Operates Nearly 870 Restaurants Systemwide across more than 20 States, Opening over 40 New Locations in 2025 Alone and Continuing Expansion into 2026.
- Exceptional Daytime Population and Education Hub: Site Sits within a Trade Area Anchored by Aspiria's 3.8-Million-Square-Foot Former Sprint Campus, an Employment Hub Also Home to Ottawa University, Drawing Students Nationally and Internationally.
- Premier, Established Retail Corridor: Site Sits along One of Overland Park's Most Sought-After Retail Corridors at 119th and Metcalf, Surrounded by a Long-Standing Mix of National Retailers, Grocery Anchors, and Restaurants.
- Grocery-Anchored Pad Site: Property Sits as an Outparcel Pad to Aldi and Pan-Asia Supermarket, Two Established Grocery Anchors Driving Consistent Daily Shopper Traffic and Cross-Shopping Visibility throughout the Immediate Trade Area.
- Power Center Anchors on Both Sides: Property Sits Directly across from Overland Crossing (Whole Foods, Nordstrom Rack, Burlington) and Directly North of a Second Power Center (Walmart Supercenter, Kohl's, Best Buy, Guitar Center), Reinforcing the Corridor's Retail Strength.
- Regional Medical Cluster: Property Sits Minutes from Menorah Medical Center, Saint Luke's South Hospital, and Children's Mercy Kansas, Placing the Site within One of Johnson County's Most Concentrated Healthcare Employment and Visitor Corridors. Eligible for Accelerated and 100% Bonus Depreciation on Qualifying Components, Subject to Cost Segregation and the Treatment of Tenant-Funded Improvements.
Investment Overview
Overland Park, Kansas is the second-largest city in the state, with a citywide population of approximately 202,893 residents and part of the broader Kansas City metropolitan area, one of the Midwest's largest and most diversified regional economies. Located in Johnson County, Overland Park consistently ranks among the most affluent submarkets in the Kansas City metro, with a reported median household income of approximately $104,384 citywide and a Johnson County median around $107,000, both well above state and national averages. The city also reports a highly educated workforce, with nearly 63% of residents 25 and older holding a bachelor's degree or higher, and unemployment has remained low, around 3.5% in recent reporting. The subject property sits along the Metcalf Avenue corridor near 119th Street, one of Overland Park's most established retail arteries, anchored by national grocers, big-box retailers, and healthcare institutions. Nearby, Aspiria, the redevelopment of the former 3.8-million-square-foot Sprint World Headquarters campus, continues to serve as a major employment and education hub, home to national and regional corporate tenants as well as Ottawa University's Overland Park campus. The surrounding area also includes a concentrated healthcare corridor anchored by Menorah Medical Center, Saint Luke's South Hospital, and Children's Mercy Kansas, reinforcing steady daytime population and visitor traffic. With strong household incomes, an educated workforce, low unemployment, and a mature, diversified commercial base spanning retail, healthcare, and corporate employment, Overland Park offers a stable, growth-oriented trade area supported by long-term regional economic fundamentals within the Kansas City metro.
Broker of Record
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