Shops At Sunnybrook

Olathe, KS

Offering Summary

  • Status: closed
  • Price: $7,675,000
  • CAP Rate: 7.03%
  • GLA: 38,273 SF
  • Net Operating Income: $539,673
  • Price/SF: $220.65
  • Year(s) Built: 2007
  • Lot Size (Acres): 5.86
  • Lease Type: NNN
  • Major Tenants: Prairie Liquors, Austins Bar & Grill, Performance Rehab, Talem Salon, Subway, Edward Jones
  • 86 Percent Occupied 38,273-Square-Foot Neighborhood Center in Olathe, Kansas (Kansas City MSA – Over 2.16 Million People)
  • Built in 2007 and Situated on 3.73 Acres | Includes Three Acres of Ready-to-Develop Land
  • Strong Mixture of Diversified, Ecommerce-Proof Tenants | National, Regional and Local Brands
  • Major Tenants Include: Prairie Liquor, Austin’s Bar & Grill, Subway, Performance Rehab and Talem Salon
  • Prairie Liquor Recently Renovated and Expanded Operations | Five-Year Renewal | Strict Liquor Laws in Kansas | Only Liquor Store Within Three-Miles
  • Projected Stabilized CAP Rate of Nine Percent | Cash-on-Cash of 15.23 Percent | Total Return with Principal Reduction of 20.85 Percent
  • Favorable Triple-Net Lease Structures | Recapture of Tax, Common Area Maintenance, Insurance Expenses | Third Party Management Fees Reimbursed by Tenants
  • Dense and Affluent Demographics | Population Counts of 4,265 Within One-Mile, 50,935 Within Three-Miles, and 119,668 Within Five-Miles | Average Household Income In Excess of $134,000
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director