Olathe Pointe Lot 2

The Property is located along Black Bob Road in Olathe, Johnson County, Kansas. Olathe is the 4th most populated city in Kansas with a population of over 145,000 and is located just under 15-miles southwest of Kansas City. Olathe is a fast growing, affluent city with an average household income of over $102,000 within one (1) mile of the Property. The Property is conveniently located less than one (1) mile east of Interstate-35 (I-35) and two (2) miles from the Interstate-35 and Interstate-435 interchange. I-35 is a major north south highway that runs from Texas to Minnesota, while I-435 encircles the Kansas City metropolitan area. Additionally, the Property is located 27-miles south of Kansas City International Airport.The offering is for a multi-tenant out lot building in front of a 200,000+ SF Whole Foods anchored power center in Olathe, KS (Kansas City MSA). The building is 63% leased featuring Tenants Potbelly, European Wax, and Supplemental Superstore. The building produces a Net Operating Income (NOI) of approximately $195,000 at the current occupancy rate, presenting a rare value-add opportunity to acquire a positive cash flowing retail building with the ability to add value through lease-up. The building is located within a dense commercial corridor, just south of the signalized intersection at 119th Street and Black Bob Road featuring visibility and exposure to 21,000+ VPD. Neighboring retailers along with Whole Foods, include Target, The Home Depot, AMC-Dine In, Burlington, Bass Pro Shops, Aldi, Dick's Sporting Goods, Ross Dress For Less, Walgreens, Office Max, Starbucks, McDonald's, and Buffalo Wild Wings, among many others.