14189 135Th StOlathe, KS 66062

For Sale
$3,173,000

High-yield Taco Bell NNN lease in Olathe, KS.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 2,132 square foot Taco Bell restaurant operating under a 20-year net lease, commencing November 1, 2024, and expiring November 30, 2044. Located at 14189 W 135th St, Olathe, Kansas 66062, this property boasts a strong 5.20% cap rate and a current NOI of $165,000. The tenant, a well-established franchisee, is experiencing significant growth and has demonstrated a proven track record. The lease includes 8% rent bumps every five years, ensuring consistent income growth. The property is strategically situated within a Menard's-anchored shopping center, benefiting from high traffic counts exceeding 24,000 cars per day. This prime location is further enhanced by its proximity to other popular establishments, including Whataburger, Dutch Bros, Andy's Frozen Custard, Mazuma Credit Union, a Walmart Supercenter, Academy Sports, and Hobby Lobby. The surrounding area demonstrates strong demographics, with over 200,000 residents within a 5-mile radius and an average household income exceeding $141,000. The property is also conveniently located one mile from East Olathe High School, serving a student population of 2,100. This is a rare opportunity to acquire a high-quality, income-producing asset in a thriving retail corridor with a long-term, secure lease. The asking price is $3,173,000. The property was renovated in 2024. The lease includes four to five-year options.

Highlights

  • Brand-new, 2,132 SF Taco Bell on a 20-year net lease (11/1/2024 - 11/30/2044), with 8% rent bumps every five years and four to five-year options.
  • Located in a Menard's-anchored shopping center in Olathe, Kansas, with over 24,000 cars per day.
  • Strong demographics: over 200,000 residents within a 5-mile radius and average household income exceeding $141,000.
  • One mile from East Olathe High School (2,100 students).
  • Adjacent to Walmart Supercenter, Whataburger, Dutch Bros, and Andy's Frozen Custard.

Property Details for 14189 135Th St

Property type
Other retail properties, Restaurants
Square Feet
2,132 SF
Year Renovated
2024

Location Insight

City
Olathe
County
Johnson
State
Kansas
Latitude
38.883563786618
Longitude
-94.750223093325
14189 135Th St, Olathe, Kansas

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14189 135Th St
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