JOANN & Planet Fitness NNN Lease Real Estate Retail Gym Kansas

Sands Investment Group is Pleased to Exclusively Offer For Sale the JOANN and Planet Fitness NNN Lease Real Estate Investment Located at 11401-11411 Metcalf Avenue in Overland Park, Kansas. 73% of the Income Stream is Guaranteed By JOANN Which Reported Fiscal 2022 Revenue of $2.4 Billion. Unified PF Partners is the Largest Planet Fitness Franchisee With Over 150 Locations. Overland Park is the Second Largest City in Kansas and Consistently Ranks as One of the Best Places to Live in the United States. Priced at a 6.75% Cap Rate and Under $170 Per Square Foot, This Investment Offers a Strong Yield With Built-In Security Though Replaceable Rents and a Superb Location.

ATTRACTIVE YIELD WITH STRONG CORE REAL ESTATE FUNDAMENTALS

• Above Market Cap Rate and Attractive Cash-on-Cash Return Providing Secure Yield Compared With Alternative Investments
• Replaceable Rents – Security of Investment Plus Future Potential Upside
• Low Cost Per Square Foot – Priced Under $170 PSF
• JOANN Has About 5 Years Remaining on the Lease Term With a Long Term Operating History at This Location
• Planet Fitness Has Over 9 Years Remaining
• Seller Open to Paying Off Loan and Delivering Property Free & Clear of Debt – Call Broker For Details
• Seller Fully Re-Paved Parking Lot Within the Last Year

STRONG TENANT BASE

• 73% of Income Stream Backed By Jo-Ann Stores, LLC, Which Reported Fiscal 2022 Revenue of $2.4 Billion, Reflecting Comparable Sales Growth of 8.3% Compared to Fiscal 2020
• JOANN Filed For IPO in February 2021 With Surge in Growth From People Taking to Handicrafts Throughout Pandemic, Now Publicly Traded (NASDAQ: JOAN)
• United PF Partners is the Largest Planet Fitness Franchisee With Over 150 Locations Throughout 14 Different States

TOP KANSAS CITY LOCATION

• Overland Park is the Second Largest City in Kansas and Consistently Ranks as “One of the Best Places to Live” in the U.S.
• Unbelievable Demographics With an Average Household Income of Over $109,000 Within a 2-Mile Radius
• Adjacent to Aspiria, the Former Sprint World Headquarters; Aspiria is a 190-Acre Site With Planned Near Future Renovation of Existing Buildings and Development of 2.7 Million SF of New Construction Including Multi-Family Housing, Office, Retail and Restaurant Space
• Strong Population Base – Over 85,000 People Within a 3-Mile Radius
• High Traffic Counts – Over 50,000 Vehicles Per Day at the Intersection of W 115th Street and Metcalf Avenue
• Convenient Freeway Access – Less Than 1-Mile From Interstate 435
• Located on One of Overland Park’s Primary Retail Arterials With Nearby Retailers That Include: Walmart Supercenter, Kohl’s, Best Buy, Costco, Target, Whole Foods Market, Hobby Lobby, Burlington, Starbucks, Taco Bell, McDonald’s, Walgreens, CVS Pharmacy and More

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