10546 S Ridgeview Rd, Olathe, KS 66061 10546 S Ridgeview Rd, Olathe, KS 66061 FOR SALE Single Tenant

download 10546 S Ridgeview Rd, Olathe, KS 66061 10546 S Ridgeview Rd, Olathe, KS 66061 FOR SALE Single Tenant

If you can't read please download the document

  • date post

    14-Aug-2020
  • Category

    Documents

  • view

    0
  • download

    0

Embed Size (px)

Transcript of 10546 S Ridgeview Rd, Olathe, KS 66061 10546 S Ridgeview Rd, Olathe, KS 66061 FOR SALE Single Tenant

  • RHJOHNSON.COM • 816.561.5111 • 4520 MADISON AVENUE, SUITE 300 • KANSAS CITY, MO 64111

    FOR MORE INFORMATION

    While this information is deemed correct, no representation is made as to the accuracy thereof. This information is subject to errors, omissions, and change of terms at any time. The property may be withdrawn from the market without notice.

    10546 S Ridgeview Rd, Olathe, KS 66061

    FOR SALE Single Tenant NNN Investment

    SITE SUMMARY: y $1,750,000 - 5% cap rate

    y 19 Years of Lease Term Remaining

    y 10% increases E e Five Years

    y 1,500 sf building - 21,451 sf lot size

    y 119,000 employees in 10-minute Drive-Time

    y Average HH income of $110,000 per year

    Eric Gonsher egonsher@rhjohnson.com

    (816) 268-2434

    Scott Taubin staubin@rhjohnson.com

    (816) 268-2428

    ANCHORED BY GARMIN SOCCER COMPLEX OVER 1.5M ANNUAL VISITORS

  • While this information is deemed correct, no representation is made as to the accuracy thereof. This information is subject to errors, omissions, and change of terms at any time. The property may be withdrawn from the market without notice.

    AERIAL OVERVIEW

    10560 S Ridgeview Rd, Olathe, KS 66061

    While this information is deemed correct, no representation is made as to the accuracy thereof. This information is subject to errors, omissions, and change of terms at any time. The property may be withdrawn from the market without notice.

    P

    . SUBJECT PROPERTY

    .

    FUTURE

    Corporate Ridge O� ce Park

    93 ROOMS

    GARMIN SOCCER COMPLEXGARMIN SOCCER COMPLEX COMPRISED OF NINE WORLD-CLASS ALL TURF SOCCER FIELDS COMPRISED OF NINE WORLD-CLASS ALL TURF SOCCER FIELDS

    ATTRACTING AN ESTIMATED 1.5M ANNUAL VISITORS.ATTRACTING AN ESTIMATED 1.5M ANNUAL VISITORS.

    74,657 VPD

  • R I D G E V I E W M A R K E T P L A C E T H E R I D G E V I E W M A R K E T P L A C E I S A M I X E D - U S E D E V E L O P M E N T O N 9 6 A C R E S C O N T A I N I N G 2 5 0 , 0 0 0 S F O F C O M M E R C I A L A N D R E T A I L S P A C E . T H I S D E V E L O P M E N T I S A N C H O R E D B Y T H E G A R M I N S O C C E R C O M P L E X W H I C H I S C O M P R I S E D O F 9 W O R L D - C L A S S A L L T U R F S O C C E R F I E L D S . I T A L S O H A S A 9 3 - R O O M H O L I D A Y I N N E X P R E S S A N D A 9 3 - R O O M F O U R P O I N T S B Y S H E R A T O N .

  • TACO BELL

    Taco Bell is the nation’s leading Mexican-inspired quick service restaurant operating in over 20 countries around the world. There are currently 7,100 Taco Bell locations that serve over 42 million customers weekly, primarily within the United States. The division generates over $9 billion in global sales on an annual basis.

    Taco Bell is a subsidiary of Yum! Brands, a company with more than 43,500 restaurants. Yum! is ranked #218 on the Fortune 500 with revenues over $10 billion. Worldwide, the Yum! Brands system opens over 6 new restaurants per day on average, making it a leader in global retail development.

    TENANT PROFILE

    Diversifi ed Restaurant Group (DRG), based in Sonoma, CA, currently operates more than 216 Taco Bell and 16 Arby’s restaurants throughout California, Nevada, Kansas, and Missouri.

    DRG functions as the parent corporation for their subsidiaries: Golden Gate Bell, LLC, Silver State Bell, LLC, and Royal City Bell, LLC. Royal City Bell, LLC currently operates 61+ Taco Bell restaurants throughout Missouri and Kansas and is DRG’s fastest growing subsidiary with annual gross sales already approaching $90,000,000. Additionally, DRG currently operates two of the most iconic, and profi table, Taco Bell’s in the entire world: Taco Bell Cantina located at Harmon Corner on the Las Vegas strip and the Taco Bell Pacifica located on the shores of the Pacifi c Ocean in Pacifi ca, CA.

    TACO BELL

    Taco Bell is the nation’s leading Mexican-inspired quick service restaurant operating in over 20 countries around the world. There are currently 7,100 Taco Bell locations that serve over 42 million customers weekly, primarily within the United States. The division generates over $9 billion in global sales on an annual basis.

    Taco Bell is a subsidiary of Yum! Brands, a company with more than 43,500 restaurants. Yum! is ranked #218 on the Fortune 500 with revenues over $10 billion. Worldwide, the Yum! Brands system opens over 6 new restaurants per day on average, making it a leader in global retail development.

  • TRADE AREA OVERVIEW

    GENESIS HEALTH CLUB 100,000 SF FITNESS DESTINATION WITH INDOOR/OUTDOOR

    POOLS, RUNNING TRACKS, BASKETBALL AND REACQUETBALL COURTS, DAY SPA, CHILD CARE, BOXING STUDIOS AND MORE.

    CORPORATE RIDGE OFFICE PARK 700,000 SF OFFICE PARK

    HOME TO MANY MAJOR ORGANIZATIONS INCLUDING GARMIN, TERRACON, JOHN DEERE & CO., and FARMERS INSURANCE.

    OLATHE CONFERENCE CENTER + EMBASSY SUITES HOTEL

    STATE OF THE ART 200 ROOM HILTON BRANDED HOTEL ADJACENT TO 25,000 SF MEETING/CONFERENCE SPACE

  • While this information is deemed correct, no representation is made as to the accuracy thereof. This information is subject to errors, omissions, and change of terms at any time. The property may be withdrawn from the market without notice.

    LOCAL AREA MAP 5-MILE RADIUS5-MILE RADIUS

    3-MILE RADIUS3-MILE RADIUS

    1-MILE RADIUS1-MILE RADIUS

  • While this information is deemed correct, no representation is made as to the accuracy thereof. This information is subject to errors, omissions, and change of terms at any time. The property may be withdrawn from the market without notice.

    DEMOGRAPHIC SUMMARY

    105TH & RIDGEVIEW | OLATHE, KS 1-Mile 3-Mile 5-Mile

    P op

    u la

    ti on

    2020 Estimated Population 2,458 51,903 177,263 2025 Projected Population 2,607 54,346 185,862 2010 Census Population 1,867 43,738 155,675 2000 Census Population 1,003 28,847 129,679

    Projected Annual Growth 2020 to 2025 1.2% 0.9% 1.0% Historical Annual Growth 2000 to 2020 7.3% 4.0% 1.8%

    2020 Median Age 39.4 35.0 36.7

    H ou

    se h

    ol d

    s 2020 Estimated Households 967 20,656 70,886 2025 Projected Households 1,017 21,621 74,353 2010 Census Households 716 16,716 60,401 2000 Census Households 309 10,698 48,688

    Projected Annual Growth 2020 to 2025 1.0% 0.9% 1.0% Historical Annual Growth 2000 to 2020 10.6% 4.7% 2.3%

    R ac

    e an

    d

    Et h

    n ic

    it y

    2020 Estimated White 82.5% 79.8% 80.9% 2020 Estimated Black or African American 8.1% 7.7% 6.6% 2020 Estimated Asian or Pacifi c Islander 4.6% 5.1% 4.9% 2020 Estimated American Indian or Native Alaskan 0.4% 0.5% 0.4% 2020 Estimated Other Races 4.5% 7.0% 7.2%

    2020 Estimated Hispanic 7.0% 9.7% 10.3%

    In co

    m e 2020 Estimated Average Household Income $128,339 $108,408 $104,054

    2020 Estimated Median Household Income $103,064 $92,479 $87,310 2020 Estimated Per Capita Income $50,488 $43,185 $41,680

    Ed u

    ca ti

    on (A

    g e

    25 +)

    2020 Estimated Elementary (Grade Level 0 to 8) 0.7% 2.2% 2.7% 2020 Estimated Some High School (Grade Level 9 to 11) 2.0% 2.4% 3.1% 2020 Estimated High School Graduate 12.2% 14.5% 15.3% 2020 Estimated Some College 17.8% 18.4% 18.5% 2020 Estimated Associates Degree Only 7.5% 7.9% 8.1% 2020 Estimated Bachelors Degree Only 38.4% 34.1% 32.9% 2020 Estimated Graduate Degree 21.4% 20.5% 19.3%

    B u

    si n

    es s 2020 Estimated Total Businesses 75 2,661 8,180

    2020 Estimated Total Employees 1,717 50,932 112,318 2020 Estimated Employee Population per Business 22.8 19.1 13.7 2020 Estimated Residential Population per Business 32.7 19.5 21.7

    This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty.