RDO I N V E S T M E N T S

OLATHE SHOPPING CENTEROlathe (Kansas City), Kansas

Office 602.595.4000 Fax 602.467.3218 ・ 3219 East Camelback Road ・ Phoenix, Arizona 85018 ・ www.RDOinvestments.com

OFFERED  BY:    

RYAN  D.  O’CONNELL  AZ  License:  BR575729000  

 P.  602.595.4000  

Ryan@RDOinvestments.com  

Listed  in  conjunction  with  Kansas  Broker    Adam  Blue  

Area  Real  Estate  Advisors  BROKER  OF  RECORD    

License  No.  CO00000256

 

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The  information  contained  in  the  following  Marketing  Brochure  is  proprietary  and  strictly  confidential.  It  is  intended  to  be  reviewed  only  by  the  party  receiving  it  from  RDO  Investments,  LLC  and  should  not  be  made  available  to  any  other  person  or   entity  without   the  written   consent  of  RDO   Investments,   LLC.  This  Marketing  Brochure  has  been  prepared  to  provide  summary,  unverified  information  to  prospective  purchasers,  and  to  establish  only  a  preliminary  level  of   interest   in   the   subject  property.  The   information   contained  herein   is   not   a   substitute   for   a   thorough  due  diligence   investigation.   RDO   Investments,   LLC   has   not   made   any   investigation,   and   makes   no   warranty   or  representation,   with   respect   to   the   income   or   expenses   for   the   subject   property,   the   future   projected   financial  performance   of   the   property,   the   size   and   square   footage   of   the   property   and   improvements,   the   presence   or  absence  of  contaminating  substances,  PCB's  or  asbestos,   the  compliance  with  State  and  Federal   regulations,   the  physical  condition  of  the  improvements  thereon,  or  the  financial  condition  or  business  prospects  of  any  tenant,  or  any  tenant’s  plans  or  intentions  to  continue  its  occupancy  of  the  subject  property.  The  information  contained  in  this  Marketing  Brochure  has  been  obtained  from  sources  we  believe  to  be  reliable;  however,  RDO  Investments,  LLC  has  not  verified,  and  will  not  verify,  any  of  the  information  contained  herein,  nor  has  RDO  Investments,  LLC  conducted  any   investigation   regarding   these   matters   and   makes   no   warranty   or   representation   whatsoever   regarding   the  accuracy   or   completeness   of   the   information   provided.  All   potential   buyers  must   take   appropriate  measures   to  verify  all  of  the  information  set  forth  herein.      All  properties  visits  are  by  appointment  only.      

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TENANT(s):    Blaze  Pizza      Potbelly’s      Supplement  Superstore      European  Wax                  

LOCATION:    11991  South  Black  Bob  Road      Olathe,  Johnson  County,  KS  66062  

 PROPERTY  TYPE:  Multi-‐tenant  Strip  Center    LEASE  TYPE:    Net  Lease    LIST  PRICE:    $5,800,000    CAP  RATE:    6.25%    NET  OPERATING  INCOME:  $362,463.    OCCUPANCY  :      100%    CONSTRUCTION:  Stone/Brick    YEAR  BUILT:        2017    SQUARE  FOOTAGE:  7,823  SF    LAND  AREA:    1.38  +/-‐  Acres    PARKING  SPACES:  77    FINANCING:    Delivered  Free  &  Clear    TRAFFIC  COUNTS:      

   57,548  VPD  –  Intersection  of  W.  119th  St  &  S.  Black  Bob  Rd.      25,270  VPD  –  S.  Black  Bob  Rd.        32,278  VPD  –  W.  119th  St.      

 

PROPERTY SUMMARY

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PROPERTY  OVERVIEW:        The  subject  property   is  a  7,823  square   foot,   retail   strip  center   located  at  11991  S.  Black  Bob  Road   in  Olathe,  Johnson  County,  Kansas  on  1.38  acres.  The  property  was  recently  completed  in  2017  and  is  located  within  the  best-‐in-‐class,   grocery-‐anchored,  Olathe  Pointe   Power   and   Lifestyle   development  on   the   east   side  of   S.   Black  Bob  Road,  just  south  of  W.  119th  Street  at  the  northeast  corner  of  the  west  shopping  center  entrance.        The   property   is   a   retail   outparcel   to   a  Whole   Foods   anchored   power   center   including  Marshalls,   Michaels,  Home  Goods,  East  Broadway,  Five  Below,  Party  City  and  ULTA.    Other  outparcels  include  Chick-‐fil-‐A,  Taco  Bell,  Granite  City  Brewery,  Bank  Midwest  and  Bank  of  America.        The  119th  Street  Corridor  is  one  of  Kansas  City’s  top  retail  submarkets,  possessing  excellent  fundamentals  that  drive   solid   rental   rate   and   occupancy   gains.     The   main   retail   thoroughfares   is   home   to   some   of   the   most  desirable  naYonal   retailers   including  Target,  Whole  Foods,  Marshalls,  Home  Depot,  Michaels,  AMC  Theatres,  Dicks  SporYng  Goods,  Bed  Bath  &  Beyond  and  boasts  over  50,000  VPD.            

PROPERTY SUMMARY Olathe Shopping Center – Olathe, KS

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   LOCATION  OVERVIEW:        Kansas  City  is  the  largest  city  in  Missouri,  with  an  esYmated  populaYon  of  488,620  in  2018  making  it  the  37th  largest  city  by  populaYon  in  the  United  States.  It  is  the  central  city  of  the  Kansas  City  metropolitan  area,  which  straddles  the  Kansas–Missouri  border.        Johnson  County  boasts  naYonally   ranked  schools,   low  crime  rates,  high  quality  neighborhoods,  a   low  cost  of  living,   and   a   variety   of   cultural   and   entertainment   ameniYes.   Johnson   County   also   has   the   highest   median  household   income  and  highest  per-‐capita   income   in  Kansas,   and   is   among   the  most   affluent   counYes   in   the  United  States.          Olathe  is  the  second  largest  city  in  Johnson  County,  Kansas,  where  it  acts  as  the  county  seat,  and  also  the  fourth  largest  city  in  the  state  with  135,233  people.  Located  just  20  miles  southwest  of  downtown  Kansas  City,  Olathe  offers  all  of  the  cultural  advantages  of  the  major  metropolitan  area,  with  an  excepYonal  quality  of   life.  These  adributes  have  led  to  Olathe  being  named  the  11th  most  desirable  place  to  live  in  the  Central  U.S  according  to  24/7  WallSt  in  2016.  In  2014,  Olathe  was  ranked  in  the  "Top  10  Most  Desirable  Mid-‐Size  CiYes  to  Move  to",  by  MSN,  as  well  as  ranked  the  #3  best  mid-‐size  to  raise  a  family  by  Mylife.com.  Olathe’s  commercial  and  industrial  parks   are   home   to  many   companies,   including  Honeywell,   Husqvarna,   ALDI,  Garmin,   Grundfos,   and   Farmers  Insurance  Group.        Kansas  City   is   home   to   the  headquarters  of   Fortune  500  Company  H&R  Block,  who  generates  $4.2  billion   in  corporate  revenues  annually.  With   the  recent  development  of   their  600,000  square   foot  world  headquarters  building,   H&R   Block   will   remain   a   significant   economic   driver   in   Kansas   City.   Other   Fortune   500   and   1000  companies  with  a  presence   in  the  metro   include  Sprint,  Hallmark,  AT&T,   Interstate  Bakeries,  YRC  Worldwide,  American   Century   Companies,   Kansas   City   Southern   Industries,   Lee   Apparel,   Cerner   CorporaYon,   Commerce  Bancshares,   Green   Plains   Energy,   Applebee’s,   AMC   Theatres,   American   Century   Investments,   UMB   Financial  CorporaYon,  Russell  Stovers  Candy  and  HCA,  Inc.        Based  upon  the  2010  Census,  the  naYonal  demographics  consulYng  firm  Claritas  has  esYmated  that  for  2018  there   are   approximately   233,336   residents   and   91,126   households   with   a   five-‐mile   radius   of   the   Property.    According  to  Claritas,  the  average  household  income  with  a  five-‐mile  radius  of  the  Property  was  esYmated  to  be  $104,777.      

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 Blaze   Pizza   LLC   is   a   Pasadena,   California-‐based   chain   within   the   fast-‐casual   dining   restaurants   category.  Founded   in   2011   by   Elise   and   Rick  Wetzel   of  Wetzel’s   Pretzels,   Blaze   Pizza  was  modeled   aler   the   Chipotle  concept  as  a  made-‐to-‐order  approach   to   serving  customers.  NaYonal  Basketball  AssociaYon   (NBA)  champion  LeBron  James  is  one  of  the  original  investors  in  the  chain,  which  is  touted  by  Bloomberg  “as  the  next  Chipotle”.      Blaze  Pizza  was  ranked  as  the  #2  brand  in  the  2015  Fast  Casual  Top  100.      During  the  first  half  of  2016,  a  new  Blaze  Pizza  locaYon  was  opened  approximately  every  five  days,  while  a  new  opening   occurred   once   every   seven   days   during   the   previous   year.   As   of   2018,   the   company   has   over   253  locaYons  in  the  US  and  Canada.      Potbelly   Corpora1on   (NASDAQ:   PBPB),   through   its   subsidiaries,   owns,   operates,   and   franchises   Potbelly  Sandwich  Works   sandwich   shops   in   the   United   States.   It   offers   toasty   warm   sandwiches,   salads,   and   other  items.   As   of   February   23,   2018,   the   company   operated   approximately   400   shops   in   the   United   States;   and  approximately   50   franchisees   operated   shops   in   the   United   States,   the   Middle   East,   the   United   Kingdom,  Canada,  and  India.  The  company  was  formerly  known  as  Potbelly  Sandwich  Works,  Inc.  and  changed  its  name  to  Potbelly  CorporaYon   in  2002.  Potbelly  CorporaYon  was   founded   in  1977  and   is  headquartered   in  Chicago,  Illinois.      European  Wax   Center   is   a   major   chain   of   hair   removal   salons   in   the   United   States,   founded   and   based   in  Aventura,  Florida   in  2004  and  run  through  franchising.     It   is  the  world's   largest  wax  center  brand  with  nearly  650  centers  across  the  United  States.      The  salons  typically  are  1,200  to  1,400  square  feet  and  employ  10  to  15  people.      Recently  European  Wax  Center  was  named  #1  of  the  Top  10  franchises  and  #82  on  the  list  of  fastest  growing  companies   by   INC  magazine   in   their   annual   INC   500   survey.     According   to   INC  magazine,   the   franchise   has  experienced  a  3-‐year  growth  of  2,924%.          Supplement  Superstores   is   St   Louis  headquartered   retail   chain   selling  health  and  nutriYon   related  products,  including   vitamins,   supplements,   minerals,   herbs,   sports   nutriYon,   diet,   and   energy   products.   From   their  modest  beginnings  with  their  first  store  in  Springfield,  MO  the  company  in  2006,  expanded  with  an  acquisiYon  of  a  chain  of  retail  stores  in  St.  Louis.      Setng  themselves  apart  from  the  compeYYon,  the  founders  insisted  that  the  educaYon  of  their  employees  in  the   store   is   paramount.   While   every   employee   had   originally   been   required   to   become   a   CerYfied   Sports  NutriYon  Specialist,  the  company  further  required  every  one  of  our  employees  to  become  a  N.A.S.M.  CerYfied  Personal  Trainer.        Currently  the  company  operates  over  20  locaYons  in  Illinois,  Missouri  and  Kansas.    

               

TENANT OVERVIEW Olathe Shopping Center – Olathe, KS

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PHOTOS Olathe Shopping Center – Olathe, KS

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PHOTOS Olathe Shopping Center – Olathe, KS

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PHOTOS Olathe Shopping Center – Olathe, KS

Olathe Pointe Power Center

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RENT ROLL Olathe Shopping Center – Olathe, KS

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RENT ROLL Olathe Shopping Center – Olathe, KS

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AERIAL Olathe Shopping Center – Olathe, KS

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OLATHE    POINTE  

OLATHE    STATION  

BLACKBOB  CORNERS  

NORTHRIDGE  PLAZA  

SITE  

119TH  Street        32,278  VPD  

Blackbob  Road        25,270  VPD  

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SITE PLAN/LEASING PLAN Olathe Shopping Center – Olathe, KS

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LOCATION MAP Olathe Shopping Center – Olathe, KS

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DEMOGRAPHICS Olathe Shopping Center – Olathe, KS

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Ryan D. O’Connell Principal

RDO Investments, LLC 3219 East Camelback Road

Phoenix, Arizona 85018 P. 602-595-4000 F. 602-467-3218 M. 602-790-9036

E. ryan@RDOinvestments.com

 

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CONTACT Olathe Shopping Center – Olathe, KS