BMO Harris Bank

15203 West 119th Street, Olathe, KS 66062
$2,560,000
Status Available
Price $2,560,000
Cap Rate 5.52%
Price/SF $495
NOI $141,216
Lease Type Absolute NNN
Lease Term 10 Years
Lease Start December 2015
Lease Expiration December 2025
Building Size 5,173 SF
Lot Size 64,862 SF

Overview

The property is conveniently positioned near the interchange between West 119th Street and Interstate 35. In particular, Interstate 35 traverses suburban Kansas City and provides direct access to downtown Kansas City. Passed by over 32,000 vehicles per day, the asset totals 5,173 square feet with two drive-thrus and parking for 68 cars.

The neighborhood surrounding the property is best characterized as a full service commercial corridor with numerous businesses and retail amenities. While the building is an infill location to a Super Target, many other retailers anchor the nearby shopping centers, including a Dick’s Sporting Goods, AMC Theaters, Best Buy, and The Home Depot.

The community surrounding the branch benefits from strong demographics. A population of approximately 225,000 resides within a 5-mile radius with an average household income of $100,000, which exceeds the national average.