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CoA Educational Childcare 11134 S Noble Dr 10,000 SF 4-Star Retail Building Olathe, KS 66061 $5,089,000 ($508.90/SF) 7.85% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranty | 2025 Construction
- Backed by a corporate guaranty from World Wide Child Care Corp. parent company to Children of America Educational Care (60 locations).
- Close to several educational institutions, including Primrose School of North Olathe, Meadow Lane Elementary, Prairie Trail Middle School, and more
- Strong annual escalations that increase over the base term and option periods - 2% - 3% annual increases
- Located just off the hard corner intersection of S Noble Dr and College Blvd (24,800 VPD), providing excellent visibility and access
- Affluent suburban population within 1-, 3-, and 5-mile trade areas boast average incomes of $178,093, $162,855 and $134,598, respectively
Executive Summary
SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest in a NNN leased Children of America property in Olathe, Kansas. The tenant, Children of America Lawrenceville, LLC, recently executed a brand-new 15-year lease with two (2) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease includes scheduled rental increases, 2% annually in years 6-10; 2.5% annually in years 11-15; and 3% annually during both renewal terms, providing steady NOI growth and inflation protection. Backed by a corporate guaranty from World Wide Child Care Corp., parent of Children of America Educational Care (an industry leader with over 60 locations). Newly constructed in 2025 the property features high-quality materials and modern finishes.
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$5,089,000
Price Per SF
$508.90
Cap Rate
7.85%
NOI
$399,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.66 AC
Zoning
BP - Planned Business Park
Parking
36 Spaces (3.6 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Children Of America
- Educational Services
- 10,000 SF
- $39.95
- Double Net
- Sep 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Children Of America | Educational Services | 10,000 SF | $39.95 | Double Net | Sep 2040 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | DP72830000-0034 | Improvements Assessment | $315,570 |
| Land Assessment | $117,235 | Total Assessment | $432,805 |
Property Taxes
Parcel Number
DP72830000-0034
Land Assessment
$117,235
Improvements Assessment
$315,570
Total Assessment
$432,805
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CoA Educational Childcare | 11134 S Noble Dr
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