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CoA Educational Childcare 11134 S Noble Dr 10,000 SF 4-Star Retail Building Olathe, KS 66061 $5,399,000 ($539.90/SF) 7.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranty | 2025 Construction
- Hard Corner Intersection | Proximity To I-35 (108,000 VPD)
- Proximity To Key Community Anchors
- NNN Lease Structure | Fee Simple Ownership | Minimal Landlord Responsibilities
- Dense Retail Corridor
- Strong Demographics In 5-Mile Trade Area
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
$5,399,000
Price Per SF
$539.90
Cap Rate
7.40%
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 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | DP72830000-0034 | Improvements Assessment | $0 |
| Land Assessment | $66 | Total Assessment | $66 |
PROPERTY TAXES
Parcel Number
DP72830000-0034
Land Assessment
$66
Improvements Assessment
$0
Total Assessment
$66
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CoA Educational Childcare | 11134 S Noble Dr
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