11935 Blackbob Rd
Olathe, KS 66062
Wahlburgers (Hy-Vee Guaranty) · Retail Property For Sale

Single-Tenant Wahlburgers Pad to Whole Foods Anchored Power Center: - 15-year lease guaranteed by Hy-Vee - Absolute NNN; 7.50% increases every 5 years - Huge unit level sales volume and low rent to sales ratio - Wahlburgers has 29 locations (and 6 coming soon) in 19 states Rare Hy-Vee, Inc. Guaranty for Entire Term Including Options: - Over 245 grocery locations and over $10 billion in 2018 revenue - Top 24 supermarket chains and top 50 private companies in the U.S. - Plans to build, own, and operate 26 Midwest Wahlburgers locations - Major capital investment into subject property Irreplaceable 119th Street and Blackbob Road Real Estate: - One of the highest trafficked and most sought-after intersections in the Kansas City MSA; 56,000 CPD - Olathe Pointe Center offers an unparalleled tenant roster that is 97% leased to national tenants including anchors Whole Foods, HomeGoods, Marshalls, Natural Grocers, ULTA, and pads such as Chick-fil-A, and Starbucks Olathe is a “Must Have” Market for National Retailers in the Midwest: - 4th largest city in the Kansas City MSA; 234,000 people in a 5-mile radius - Part of Johnson County, top 1.6% wealthiest counties in the United States; $110,000+ AHHI in a 5-mile radius