Olathe Pointe Lot 2

For Sale

11975-11995 S Blackbob Rd , Olathe, KS 66062

This Olathe property for sale is located at 11975-11995 S Blackbob Rd . The current listed sale price for Olathe Pointe Lot 2 is Subject To Offer. Olathe Pointe Lot 2 is situated on a lot that is 1.38 acre in size.

Contacts

broker

Andrew Rubin

Frontline Real Estate Partners

(224) 628-4005

Property Details

  • Property Type Retail - Strip
  • Property Size 7,823 SF
  • Units 4
  • Lot Size 1.38 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2017
  • Date Updated Apr 25, 2024
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.

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Highlights

  • Multi-tenant (2007) out lot building fronting a Whole Foods anchored power center in Olathe, KS (Kansas City MSA)
  • All three (3) Tenants are on NNN leases with term through at least December 2027
  • Well located within a dense commercial corridor and surrounded by national tenants including Target, The Home Depot, AMC-Dine In, and several others
  • The lone vacancy at the building is a second generation restaurant (former Blaze Pizza)

Getting around

  • 81/100

    Walk Score ®

  • 21/100

    Transit Score ®

  • 52/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Olathe, KS
  • Neighborhood Mahaffie - Westerfield
  • Zip Code 66062
  • Market Kansas City

Points of Interest

  • ChargePoint

    0.94 miles

  • Phillips 66

    1.02 miles

  • Everyday 13705

    1.38 miles

  • ChargePoint

    1.38 miles

  • QuikTrip

    1.53 miles

  • QuikTrip

    1.68 miles

  • Hy-Vee Gas

    1.74 miles

  • Olathe Supercharger

    1.88 miles

  • QuikTrip

    1.88 miles

  • BP

    1.96 miles

  • Parking Garage at Gailleo's Garden

    1.92 miles

  • Doctor's Parking

    2.52 miles

  • Business Parking

    3.30 miles

  • Post Office Employee Parking

    3.64 miles

  • First Baptist Church of Olathe Parking

    3.99 miles

  • OGSB Parking lot

    4.15 miles

  • Walnut Grove

    4.93 miles

  • O

    5.33 miles

  • N

    5.34 miles

  • L

    5.34 miles

  • Wahlburgers

    0.05 miles

  • Master Wok

    0.07 miles

  • Five Guys

    0.07 miles

  • Papa Murphy's

    0.08 miles

  • Taco Bell

    0.08 miles

  • Mr. Gyro's

    0.09 miles

  • Granite City

    0.09 miles

  • Chick-fil-A

    0.11 miles

  • Firehouse Subs

    0.12 miles

  • Olive Garden

    0.16 miles

  • Target

    0.22 miles

  • Marshalls

    0.22 miles

  • Whole Foods Market

    0.22 miles

  • Ross

    0.29 miles

  • Aldi

    0.30 miles

  • Hy-Vee

    1.86 miles

  • Kohl's

    1.92 miles

  • Hen House Market

    2.02 miles

  • Walmart Supercenter

    2.09 miles

  • Hen House Market

    2.23 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Andrew Rubin

Frontline Real Estate Partners

(224) 628-4005