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32786652
32786653

9 Locations

DM
KS KS 00045197, OK OK 212256 (+1)
DDM Real Estate LLC
Listed by DDM Real Estate LLC
$14,376,400
Updated 21 days ago

119TH PLAZA

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 47,562
Net Rentable (SqFt) 47,562
Units 304
Cap Rate 7.00%
NOI $1,006,348
Occupancy 94.95%
Tenancy Multi
Brand/Tenant Goodwill
Lease Type NNN
Rent Bumps Yes
Price per SqFt $302
Class B
Year Built 1997
Year Renovated 2018
Acreage 6.460
Zoning CP-2, CP-3
Parking Spaces 326 spaces
Parking Per SqFt 6.85
Investment Type Stabilized
Ground Lease No

For Sale | Retail | 7.00% CAP | 47,562 SqFt | multi-tenant

Marketing description

119th Plaza in Olathe, KS, is a premier retail investment. It boasts superior demographics with high discretionary incomes, reflected in a median household income of over $112,000, and a lower cost of living than the national average. Its exceptional accessibility via I-35 (over 118,000 vehicles/day) and 119th Street (over 31,400 vehicles/day) ensures continuous high traffic volume. This strategic location, coupled with the strong draw of adjacent major retailers like Bass Pro Shops, which contributes to over 200 million visitors annually across its network, solidifies its position. With Olathe's population growing steadily, reaching an estimated 151,377 by 2025, the plaza offers enduring investment security in a robust and expanding market.

Investment highlights

  • Weighted average lease expiration is 5+ years
  • 119th Plaza's trade area demographic has a discretionary income nearly 17% higher than the national average
  • 119th Plaza is ranked 48 out of 192 shopping centers in KS and 26 out of 93 local shopping centers within 15 miles
  • More than 50% of occupants have chosen 119 Plaza as their preferred business address for more than 20 years

Listing Contacts

DM
KS KS 00045197, OK OK 212256 (+1)
DDM Real Estate LLC
Listed by DDM Real Estate LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$1,006,348.00
$83,862.33/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Business
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Last updated May 26, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Doug McFadden
License
KS 00045197
Brokerage
DDM Real Estate, LLC
Brokerage Phone
8168681236
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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