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Eastgate Shopping Center 1209-1225 E Santa Fe St 65,976 SF 100% Leased Retail Building Olathe, KS 66061 $4,900,000 ($74.27/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Centrally located in the heart of Olathe, KS
  • Traffic counts exceeding 24,000 cars per day
  • Multiple access points from E. Santa Fe Street and Ridgeview Road
  • Less than one mile west of I-35 Hwy
  • Excellent visibility from E. Santa Fe Street (135th Street)

EXECUTIVE SUMMARY

Eastgate Shopping Center is a four-tenant retail strip center which adjoins, but not part of the offering, Kmacho’s Mexican Restaurant and Bonito’s Bakery and Market. Built in 1972, Eastgate Shopping Center has been upgraded multiple times to accommodate new tenants, specifically the current tenancy.
Sale price - $4,900,000.00
8.0% capitalization rate
65,976 square feet - $74.27/SF
Centrally located in the heart of Olathe, KS
Less than one mile west of I-35
Traffic counts exceeding 24,000 cars per day
Excellent visibility from E. Santa Fe Street (135th Street)
Multiple access points from E. Santa Fe Street and Ridgeview Road
Ample parking – 265 parking places/4:01: 1000
Potential pad site for development
Professionally managed – good condition

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
65,976 SF
Building Class
C
Year Built
1972
Price
$4,900,000
Price Per SF
$74.27
Cap Rate
8%
NOI
$392,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.29
Lot Size
5.27 AC
Zoning
CP2
Parking
260 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
544’ on Santa Fe St

AMENITIES

  • Banking
  • Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Creative Images Institute Of Cosmetology
  • Educational Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.

  • Services
  • -
  • $9.99
  • Lorem Ipsum
  • -

The Salvation Army is an international Christian organization committed to meeting human needs without discrimination. Founded in 1865, it operates as both a faith-based movement and a comprehensive social services provider. Its mission—to preach the gospel of Jesus Christ and serve others in His name—guides a wide range of programs, including food assistance, housing support, youth services, disaster relief, recovery, and domestic violence aid. With a legacy of compassion, integrity, and outreach, The Salvation Army works to uplift individuals and families through practical help and spiritual care across communities worldwide.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Creative Images Institute Of Cosmetology Educational Services - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 Lorem Ipsum Jan 0000
Services - $9.99 Lorem Ipsum -
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Waffle House
Bank of America
Capitol Federal Savings Bank
Scooter's Coffeehouse
Bank Midwest
Rent-A-Center
First Federal Savings & Loan Bank
Jazzercise
CrossFit

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • DF231336-3001
  • DF231336-3021
  • DF231336-3017
Land Assessment
$395,653
Improvements Assessment
$961,999
Total Assessment
$1,357,652
  • Listing ID: 38154383

  • Date on Market: 10/21/2025

  • Last Updated:

  • Address: 1209-1225 E Santa Fe St, Olathe, KS 66061

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