Broker of Record Kyle Matthews License No. #CO00002672 (KS) Matthews Retail Group, Inc. 841 Apollo Street. Suite 150, El Segundo, CA 90245 3109195757
Absolute NNN Lease – Fee simple ownership with zero landlord responsibilities. Tenant pays for CAM, insurance, utilities, taxes, and maintains all aspects of the premises.
High Income, Affluent Area – This location benefits from an incredibly affluent trade area, with Average Household Incomes of $133,719 in the 1-mile radius!
Strong Reported Sales – Average reported sales have been above national average
Long Term Lease – Nine (9) years of base term remaining on the lease.
Proven Location & Tenant Commitment – Walgreens recently executed an early lease extension, adding 5 years to their primary term, proving their long-term commitment to this corner
Hard Corner, High Traffic Location: Site is located on hard corner of S. Black Rob Road (±13,000 VPD) and W.151st Street, (±21,000 VPD)
Prototype Store Format with Great Access and Visibility – Located at a signalized intersection with over ±34,000 VPD. Drive-thru, 15,120 SF store format.
Nationally Recognized Investment Grade Tenant – Lease is fully guaranteed by Walgreens Co. (S&P’s Rated BBB). The company is ranked #17 on the Fortune 500, for 2017.
Incredible Demographics – Olathe has experienced immense growth of over 12% increase from 2010 – 2017 years and expected to continue its incredible growth pattern
Growing Retail Trade Area – This site has phenomenal retail synergy with new developments surrounding the corner and national retailers including: Starbucks, McDonald’s, Taco Bell, Hy-Vee Grocery Store, Phillips 66, Sonic Drive-In, FedEx, Jersey Mike’s and more!