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529 N Lindenwood Dr
Olathe, KS 66062
Midwest Fireplace · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Renovated office space with mezzanine storage for added functionality.
- Prime Olathe location near major retail centers and highway access.
- Motivated seller presenting immediate acquisition opportunity.
- Sale-leaseback structure with a creditworthy tenant ensures reliable income.
- Attractive 7.5% cap rate at $13/SF offers strong investment fundamentals.
EXECUTIVE SUMMARY
This sale-leaseback investment at 529 N. Lindenwood Drive offers a rare opportunity to acquire a renovated office property in the heart of Olathe, Kansas. The asset features modern office finishes and an additional mezzanine level for storage, creating operational flexibility for the tenant. Positioned near W. 135th Street and major retail destinations like Corbin Park and Oak Park Mall, the property benefits from strong regional connectivity and a thriving suburban business environment. With a creditworthy tenant in place and a 7.5% cap rate at $13/SF, investors can secure stable income while capitalizing on Johnson County’s robust demographics, including average household incomes exceeding $124,000 within a three-mile radius. This offering combines location strength, tenant stability, and long-term growth potential, making it an ideal addition to any investment portfolio.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 6,020 SF |
| Cap Rate | 7.50% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built | 1985 |
| Property Type | Industrial | Parking Ratio | 2.5/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 0.80 AC | ||
| Zoning | M2, Olathe - Heavy Commercial Manufacturing | ||
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.80 AC |
| Rentable Building Area | 6,020 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 2.5/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M2, Olathe - Heavy Commercial Manufacturing |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | DP76000000-0026 | Improvements Assessment | $73,153 |
| Land Assessment | $28,348 | Total Assessment | $101,501 |
PROPERTY TAXES
Parcel Number
DP76000000-0026
Land Assessment
$28,348
Improvements Assessment
$73,153
Total Assessment
$101,501
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