Stone Creek Business Center - LoopNet...Stone Creek Business Center 245-265 STONE CREEK DRIVE...

Stone Creek Business Center

245-265 STONE CREEK DRIVE GARDNER, KANSAS 66030

(SUBURBAN KANSAS CITY)

FOR SALE MULTI-TENANT RETAIL/SERVICE COMPLEX

18,034 SF BUILDING & 25,000± SF VACANT LAND FOR EXPANSION

4 TENANTS & 100% OCCUPIED Located in one of Kansas City’s most commercially

active submarkets: Gardner, Kansas

For additional information, please contact:

Mike O’Connell Acquisitions Manager, Axiom Equities [email protected] | 913-687-8431 7357 Holliday Drive | Kansas City, KS 66106

Property Location in the Greater Kansas City Metro

Mike O’Connell Acquisitions Manager [email protected] 913-687-8431 Axiom Equities 7357 Holliday Drive Kansas City, KS 66106

Qualified Buyers:

Qualified buyers, after executing a Confidentiality Agreement, may review the following research materials:

Detailed rent roll Current and projected income and expenses Real estate tax summary

Elevation Images of Stone Creek

KC Logistics Park

The complex is ideal for retail/office or industrial (flex) users.

Located only minutes from Logistics Park Kansas City (http://www.logisticsparkkc.com)

Positioned near Gardner’s retail and professional service corridor (Moonlight Road and Highway 56).

Stone Creek is less than five minutes from I-35 and is within the Kansas City Metropolitan Statistics Area (MSA). Stone Creek has room to expand via a 25,000± SF vacant pad. PLUS, the property may be able to accommodate "drive-thru" operation

on each end-cap. The project is located in the "pro-growth" community of Gardner, Kansas Stone Creek is part of the Greater Kansas City Metro where the region’s fundamentals are among the strongest in the country in terms of

population demographics (Johnson County) and overall employment characteristics (educated labor force). Stone Creek's tenancy includes three stable, long tenured tenants and a new venture:

1. Sherwin Williams: Has over 10 years at SCBC with options to remain. The company has a track record of maintaining stable occupancy for profitable stores, and the Gardner store performs well above average.

2. NAPA Auto Parts: This location is owned/operated by a multi-store NAPA franchisee who recently renewed his lease and re-committed to the property.

3. Anytime Fitness: Has been in occupancy since the project (building) opened in 2005, and the original owners still operate the gym. 4. GTL Ministries: Is on a short-term, below-market agreement. This tenant took the space in "as-is" condition and after a successful

launch, the husband and wife pastors have their sites on maintaining tenancy under market conditions.

Stone Creek Business Center Highlights

Property Facts Tax Parcel Aerial Map

Current Tenants Points of Interest in Gardner, Kansas

Moonlight Road

Industrial Pkwy

Subject Property New Century Airport CenturyLink (Sprint): 495,000 SF Office Walmart Supercenter Moonlight Commons Retail (40,000± SF) Moonlight Plaza Grocery & Retail (80,000± SF) QuikTrip and Walgreens

Logistics Park Kansas City

1 mile SW

Investment Overview

Property Name: Stone Creek Business Center

Address: 235-265 Stone Creek Drive Gardner, KS 66030 (Suburban Kansas City)

Project Sizes: 18,034 SF building positioned on 2.8 acres (112,113 SF) Project includes 25,000± SF new development or expansion area

Offering Price: $2,000,000 or $110.90 PSF

NOI & CAP Rates: Current Annualized: $140,945 & 7.1% Stabilized: $171,886 & 8.6%

Tenancy:

Strategic Location: Stone Creek Business Center (SCBC) is positioned near a focal point of retail and other commerce activity for the Gardner, Kansas market. The Intersection of East Main Street (or HWY 56) and Moonlight Road experiences some of the highest daily traffic counts in the area.

TENANT BUSINESS SUITE SF PER LEASE LEASE START Sherwin Williams Retail Paint 235 5,232 11/1/2007

NAPA Auto Parts Retail Auto Parts 245 2,586 2/1/2012

Anytime Fitness 24-Hour Fitness 255 3,950 12/1/2005

GTL Ministry Church 265 6,266 10/18/2017

The following companies and retailers (with logos) are located immediately adjacent to or within 1 mile of SCBC:

OVERVIEW

Year Built: 2005

No. of Units/Spaces: 4

Parking: 95-100 spaces (5+ per 1,000 SF) Rear Door Summary: 4-dock high

2 drive-in doors/ramps

Zoning: C-2 “General Business”

UTILITY SERVICE Water: City of Gardner

Sewer: City of Gardner

Electric: City of Gardner

Gas: Kansas Gas Service

Sprinklers: Yes

HVAC: Service is maintenance by each tenant

TRASPORTATION/ACCESS

Primary North/South: Moonlight Road (adjacent to SBSC/1 block south)

Primary East/West East Main Street or Hwy 56 (adjacent to SBSC/1 block south)

Interstate-35: Approximately 1 mile east

Logistics Park Kansas City Approximately 1.5 miles SW

2018 EST. OPERATING EXPENSES

General Operating: $28,500± or $1.58 PSF (includes CAM, Management & Repairs)

Insurance: $3,700± or $0.20 PSF

R.E. Taxes: $53,000± or $2.94 PSF

Real Estate Taxes Johnson County Parcel #: 046-144-19-0-30-05-002.00-0 Tax ID #: CP66930000 0001 Parcel Boundary (see aerial on right)