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11215-11225 Shawnee Mission Pky
Shawnee, KS 66203
Retail Property For Sale
Investment Highlights
- Freshly Executed 10 Year Lease to Burlington
- Exceptional Condition - $3.6M+ capex mitigates near term cost risk
- Potential Tax Rebate Program Eligibility - Shawnee's NRA program details in deal file
- Early Renewal - 18 Months Prior to Expiration
- Tenant Longevity - 8.8 Year Average Remaining Term
- Ideal Tenant Base - Well-aligned to surrounding demographics
Executive Summary
Crossroads Real Estate Group is pleased to present the exclusive listing of Parkway Shopping Center, a premier retail investment opportunity in Shawnee, Kansas. Parkway Shopping Center provides investors with reliable, predictable cash flow thanks to a new, freshly executed 10 year lease to Burlington and a renewal that Harbor Freight initiated over 18 months early.
Three tenant spaces comprise the shopping center’s total 88,505 square feet of net-rentable area, delivering a diversified, value-oriented merchandising mix. Burlington is relocating from a neighboring center and expects to open in early 2027. Other tenants include Harbor Freight, in place since 2004 and City Thrift, in place since 2017.
Ideally situated along the dynamic Shawnee Mission Parkway commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key North Johnson County communities, the Shawnee Mission Parkway corridor promises to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.
Three tenant spaces comprise the shopping center’s total 88,505 square feet of net-rentable area, delivering a diversified, value-oriented merchandising mix. Burlington is relocating from a neighboring center and expects to open in early 2027. Other tenants include Harbor Freight, in place since 2004 and City Thrift, in place since 2017.
Ideally situated along the dynamic Shawnee Mission Parkway commercial corridor, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key North Johnson County communities, the Shawnee Mission Parkway corridor promises to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
88,505 SF
Building Class
C
Year Built/Renovated
1985/2026
Price
$17,494,251 CAD
Price Per SF
$197.66 CAD
Cap Rate
7.19%
NOI
$1,258,268 CAD
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.36
Lot Size
5.66 AC
Zoning
CH, Shawnee
Parking
271 Spaces (3.06 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | QP51370000-0001 | Improvements Assessment | $1,802,066 CAD |
| Land Assessment | $615,791 CAD | Total Assessment | $2,417,857 CAD |
Property Taxes
Parcel Number
QP51370000-0001
Land Assessment
$615,791 CAD
Improvements Assessment
$1,802,066 CAD
Total Assessment
$2,417,857 CAD
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