Offering Memorandum | Single-Tenant | NNN Leased | Industrial

601 N Lindenwood Dr, Olathe, KS 66062

Property Information

  • For Sale $3,515,503
  • Property Type Industrial - Warehouse/Distribution
  • Property Size 18,750 SF
  • Lot Size 2.13 SF
  • Year Built 2019
  • Date Updated Jul 25, 2026

Description

On behalf of Ownership, Colliers is pleased to present to qualified investors the opportunity to acquire 601 N. Lindenwood Drive, Olathe, Kansas

  • 100% leased to Rivian Automotive Inc (NASDAQ: RIVN) as a service and demonstration center
  • Infill Johnson County location with access via I-35/Santa Fe Road
  • 2019 construction with Class A office finish
  • Lease Term: 3.5± years remain
  • Continued Tenant Commitment: Tenant recently exercised first (of two) 3-year fixed-rate options to renew
  • Lease Type: NNN
  • Landlord Responsibilities: Structural repairs/replacement; HVAC replacement
  • Low Vacancy Submarket: 3.3% for competitive set
  • Substantial discount to replacement cost
  • Current NOI: $246,085.20
  • Annual Rent Increases: 2.0%
  • Sale Price: $3,515,503
  • Year 1 Cap Rate: 7.0%

Contacts

Location

Located at 601 N Lindenwood Dr, Olathe, KS 66062, this property is part of the Central Core neighborhood.

  • 50/100 Somewhat Walkable
  • 54/100 Bikeable
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Contact Offering Memorandum | Single-Tenant | NNN Leased | Industrial
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