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20014 153rd St
Olathe, KS 66062
Retail Property For Sale
Investment Highlights
- ABSOLUTE-NET LEASE 20: Year Lease with 7.5% Increases Every 5 Years; Including Each of the Four, 5 Year Options.
- LOCATED IN MAJOR RETAIL DEVELOPMENT: Situated in a Premier Retail Hub, the Property is by Target, The Home Depot, ALDI, Chipotle, Red Robin, etc.
- 16-UNIT FRANCHISE BACKED GUARANTY: Reputable Tenant with a Strong Track Record, Significantly Reducing Vacancy Risk and Ensuring Consistent Revenue.
- EXCELLENT VISIBILITY & EASE OF ACCESS: Strategically Positioned Along a Major Retail Corridor, Offering Direct Access to Hwy 169 & Exit I-35.
- OLATHE, KS | KANSAS CITY MSA: Olathe is a Major Distribution Hub for Prominent National Companies such as Tyson Foods, IKEA, FedEx, Frito Lay, etc.
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,096 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.41 AC
Zoning
CP-2 - Commercial
Parking
84 Spaces (16.48 Spaces per 1,000 SF Leased)
Frontage
286’ on 153rd St
Amenities
- Restaurant
Property Taxes
| Parcel Number | DP13690000-0005 | Improvements Assessment | $196,480 |
| Land Assessment | $203,970 | Total Assessment | $400,450 |
Property Taxes
Parcel Number
DP13690000-0005
Land Assessment
$203,970
Improvements Assessment
$196,480
Total Assessment
$400,450
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