Portfolio
Under Contract

Olathe Portfolio

W 119th St, Olathe, KS, US

Olathe Portfolio_Property for Sale

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Olathe Portfolio 2_Property for Sale

Portfolio description

Olathe Pointe:

Property Address: 14615 W 119th St, Olathe, KS, 66062

Property Size (GLA): 144,149 SF

Occupancy: 100%

Year Built: 2015

WALT: 7.0


Olathe Gateway:

Property Address: W 119th St & Renner RD, Olathe, KS, 66061

Property Size (GLA): 40,788 SF

Occupancy: 89.7%

Year Built: 2015

WALT: 3.7

Attributes

Building area gross
186,727 sf
Year built
2011
Land area Gross
63.59 acres (2,769,980 sf)
Olathe Portfolio (2 Properties)
Olathe Portfolio (2 Properties)

Investment highlights

Olathe Pointe:

Rare Whole Foods Anchored Offering | Term Through 2035
  • 2015 Construction - Most Modern And Current Prototype in Area 
  • #1 Most Trafficked Whole Foods In Kansas 
Dominant Regional Shopping Center | Top 10% Nationwide 
  • 3rd Most Trafficked Shopping Center In The State Of Kansas | 4M Annual Visitors 
  • Premier Surrounding Shadow Tenancy | Synergistic Grocer Consumer Demand  
100% Occupied National Tenant Roster | 75% of Income From Investment Grade Tenancy 



Olathe Gateway:

E-Commerce Resilient Tenancy I Ideal Income Diversification I No Tenant Contributes More Than 17% of Income


​​​​​​​Value Add Opportunity I 4,200 SF of Vacancy I Outparcel Development Potential

  • 4.86% 5-year CAGR
  • 42% NOI Growth During 10-Year Hold Period
  • 2 Outlots

Oversized Regional Traffic I Separately Owned Anchors Draw Additional Demand

  • Main Event
  • Bass Pro Shop
  • Starbucks

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Last updated
Nov 30, 2022