11134 S Noble Dr - Schools FOR SALE


Olathe, KS 66061
$5,707,143 USD
770-481-1960
11134 S Noble Dr, Olathe, KS for Sale
$5,707,143 USD
Schools - FOR SALE
1/2
null | 7% Cap Rate

11134 S Noble Dr
Olathe, KS 66061


HIGHLIGHTS

  • New 15-year NN Corporate lease to Children of America (60+ Locations)
  • 2% Annual Increases Beginning Year 6 | 2.5% Annual Increase Beginning Year 11
  • Ideal Child Care Location/Affluent Community/Strong Daytime Population
  • Located in the 320-Acre Sunnybrook Mixed Use Development
  • Located in Olathe, Johnson County, Kansas - 30 minutes SE of Kansas City
  • Recession-Proof Industry Not Affected by Amazon

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a new-construction, Children of America located in Olathe (Kansas City MSA), Johnson County, KS (the "Property"). Children of America (COA) is one of the nation's leading early childhood education providers, bringing high-quality childcare solutions to communities across the country. COA currently has over 60 locations across 15 states, with another 12 locations in development, increasing expansion across 19 states. Children of America signed a fifteen (15) year NN lease plus two 5-year options. The lease features 2% annual increases beginning Year 6, 2.5% annual increases beginning Year 11 and then 3% annual increases during each option. The site features a 10,000 SF building plus a large outdoor play area and sits on 1.66 acres. This will be the first of many Children of America locations in Kansas. COA chose this location due to the proximity of a large & affluent population base. Within a 5-Mile radius, there are more than 46,509 households with an average HH Income of $137,572 and a population exceeding 121,812 people. Additionally, the 1-mile average HH income is well over $183,000.

FOR SALE DETAILS

PRICE

$5,707,143 USD

PRICE/SF

$571 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Children of America

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

DP72830000-0034

ASK ABOUT THIS PROPERTY

Billy BenedictNorthmarqMore Info
770-481-1960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Billy BenedictNorthmarqMore Info
770-481-1960

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.