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Academy Sports + Outdoors: Olathe, KS 14405 W 135th St

71,927 SF 4-Star Retail Building Olathe, KS 66062 $13,607,712 CAD ($189 CAD/SF) 8.50% Cap Rate

Investment Highlights

  • ±4.4 years of primary term remaining with a $0.50 PSF rent increase in each of the three, 5-year renewal options
  • Co-anchors the ±460,000-square-foot Alden Center along with Walmart Supercenter and Hobby Lobby.

Executive Summary

The CBRE Net Lease Property Group is pleased to exclusively offer for sale the 71,927-square-foot Academy Sports + Outdoors situated on 6.75 acres in Olathe, KS—a southwestern component of the Kansas City MSA (Population: 2.2M). Built in 2013, Academy’s net lease features ±4.4 years of primary term remaining with a $0.50 PSF rent increase in each of the three, 5-year renewal options.

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
71,927 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2013
Price
$13,607,712 CAD
Price Per SF
$189 CAD
Cap Rate
8.50%
NOI
$1,157,181 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
6.75 AC
Zoning
C2 - Commercial
Parking
366 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
388 ft on 135th St

Nearby Major Retailers

Lion's Choice
Dutch Bros
Academy Bank
First National Bank
Pickleman's Gourmet Cafe
Fazoli's
Starbucks
Central Bank
Golden Corral
Hen House Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
DP00240000-0001A
Land Assessment
$484,125 CAD
Improvements Assessment
$2,356,100 CAD
Total Assessment
$2,840,225 CAD
  • Listing ID: 29743780

  • Date on Market: 2023-10-09

  • Last Updated:

  • Address: 14405 W 135th St, Olathe, KS 66062

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