Olathe Shopping Center - Olathe KS 2 ... RDO INVESTMENTS OLATHE SHOPPING CENTER Olathe (Kansas...

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Transcript of Olathe Shopping Center - Olathe KS 2 ... RDO INVESTMENTS OLATHE SHOPPING CENTER Olathe (Kansas...

  • RDO I N V E S T M E N T S

    OLATHE SHOPPING CENTER Olathe (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

     

  • RDO I N V E S T M E N T S

    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.      

  • RDO I N V E S T M E N T S

    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

    ______________________________________________ RDOINVESTMENTS.COM

  • RDO I N V E S T M E N T S

    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

    ______________________________________________ RDOINVESTMENTS.COM

        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  gener