Olive Garden
10670 PARALLEL PKWY, Kansas City, KS 66109
For Sale
Contact for pricing
The proposed absolute NNN lease includes a 10-year primary term and four five-year renewal options.
Property Size7,401 SF
Price / SF$675.58
Days on Market48
Property Features for 10670 PARALLEL PKWY
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Traffic Count
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License KS #701472
(859) 581-1113
Source:
Crexi
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 8 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
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Investment Insights
Based on property information with market context.
This 7,401-square-foot Olive Garden restaurant in Kansas City, Kansas, is being offered with a proposed absolute NNN lease to GMRI, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. The proposed lease has a 10-year primary term, 10% rental escalations every five years and four five-year renewal options. Olive Garden has operated at this location since 2009, and GMRI carries a BBB investment-grade credit rating from S&P.
The property is an outparcel to Plaza at the Speedway Shopping Center and directly across from Legends Outlets Kansas City, a 1,200,000-square-foot retail destination within Village West. The site has direct access along Parallel Parkway, where traffic is reported at 18,000 vehicles per day, and is near the Interstate 435 interchange, which carries approximately 69,000 vehicles per day. Kansas Speedway and retailers including Sam’s Club, Kohl’s and Walmart Supercenter are also part of the surrounding retail context.
The property is an outparcel to Plaza at the Speedway Shopping Center and directly across from Legends Outlets Kansas City, a 1,200,000-square-foot retail destination within Village West. The site has direct access along Parallel Parkway, where traffic is reported at 18,000 vehicles per day, and is near the Interstate 435 interchange, which carries approximately 69,000 vehicles per day. Kansas Speedway and retailers including Sam’s Club, Kohl’s and Walmart Supercenter are also part of the surrounding retail context.
Key Highlights
- 7,401‑square‑foot Olive Garden restaurant operating at this location since 2009
- Proposed absolute NNN lease with a 10‑year primary term and four 5‑year renewal options
- Proposed 10% rental escalations every five years; tenant is GMRI, Inc., a wholly owned Darden subsidiary
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
916k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 25%
Apparel 17%
Shops & Services 11%
Walmart
Superstores
126,536 visits/mo
0.2 miles
Sam's Club
Superstores
110,187 visits/mo
0.3 miles
Target
Superstores
102,795 visits/mo
0.2 miles
T.J. Maxx
Apparel
64,915 visits/mo
0.3 miles
Sam's Club Gas Station
Shops & Services
34,033 visits/mo
0.1 miles
Demographics for 66109, KS
26,160
Population
10,206
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
45.9 sq mi
ZIP Area
570
Density / Sq Mi
$101,830
Median Household Income
$50,342
Median Earnings
$1,626
Median Rent
$255,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The proposed absolute NNN lease includes a 10-year primary term and four five-year renewal options.
Where is this conventional restaurant located?
The property is located at 10670 PARALLEL PKWY Kansas City, KS.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 7,401‑square‑foot Olive Garden restaurant operating at this location since 2009; Proposed absolute NNN lease with a 10‑year primary term and four 5‑year renewal options; Proposed 10% rental escalations every five years; tenant is GMRI, Inc., a wholly owned Darden subsidiary
