Freestanding NNN Starbucks
For Sale
Contact for pricing
Pending
16521 West 119th Street, Olathe, KS 66061
Free-standing Starbucks with drive-through window and outdoor seating, built in 2007, in a corporate NNN structure.
Property Size1,828 SF
Lot Size0.62 Acres
Days on Market114
Property Features for 16521 West 119th Street
General Information
Standard status
Pending
Size
1,828 SF
Lot size
0.62 Acres
Property subtype
Retail
Amenities
drive-through window
outdoor seating
Building Details
Year Built
2007
Tenancy
Single
Listing Agency:
Marcus & Millichap - Palo Alto
(650) 391-1782
Listed By:
Adam Levin · License #CA 01462752
Source:
Crexi
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 29 at 11:19AM
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 Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
The property is a freestanding, corporate guaranteed NNN Starbucks constructed in 2007, with a drive-through window and outdoor seating. The building provides approximately 1,828 rentable square feet of space, situated on two parcels totaling approximately 0.62 acres. Starbucks has operated at this location for the past 10 years, with the initial 10-year NNN lease beginning in February 2008 upon completion of the Olathe Gateway shopping center.
The current term runs through January 31, 2028, after Starbucks exercised two of six five-year options. The current annual rent of $78,300 began February 1, 2018 and increases by 10% to $86,130 starting February 1, 2023 through January 31, 2028. After the current term, there are four additional five-year options, each with a 10% rental increase, lasting through January 31, 2048.
Olathe Gateway is an 85-acre development that includes an entertainment lifestyle center.
The current term runs through January 31, 2028, after Starbucks exercised two of six five-year options. The current annual rent of $78,300 began February 1, 2018 and increases by 10% to $86,130 starting February 1, 2023 through January 31, 2028. After the current term, there are four additional five-year options, each with a 10% rental increase, lasting through January 31, 2048.
Olathe Gateway is an 85-acre development that includes an entertainment lifestyle center.
Key Highlights
- Free‑standing, corporate‑guaranteed Starbucks in an NNN structure
- Drive‑through window plus outdoor seating
- Built in 2007; approx. 1,828 rentable SF on two parcels totaling approx. 0.62 acres
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
293k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Apparel 26%
Home Improvements & Furnishings 15%
Hotels & Casinos 3%
Bass Pro Shops
Apparel
68,639 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
44,339 visits/mo
0.5 miles
Cracker Barrel Old Country Store
Dining
28,060 visits/mo
0.3 miles
McDonald's
Dining
21,926 visits/mo
0.3 miles
Buffalo Wild Wings
Dining
18,921 visits/mo
0.3 miles
Demographics for 66061, KS
66,166
Population
24,744
Households
2.7
Avg Household Size
36
Median Age
45%
College-Educated
93%
High-School Grad
63.3 sq mi
ZIP Area
1,045
Density / Sq Mi
$109,110
Median Household Income
$50,736
Median Earnings
$1,228
Median Rent
$337,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Cool Leaf Kombucha — 1250 N Winchester St, Olathe, KS 66061
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- Starbucks — 16521 W 119th St Gateway, Olathe, KS 66061
- Starbucks — 15345 W 119th St, Olathe, KS 66062
Frequently Asked Questions
What type of property is this?
Coffee shop - Free-standing Starbucks with drive-through window and outdoor seating, built in 2007, in a corporate NNN structure.
Where is this coffee shop located?
The property is located at 16521 West 119th Street Olathe, KS.
What are key features of this property?
This property features: Free‑standing, corporate‑guaranteed Starbucks in an NNN structure; Drive‑through window plus outdoor seating; Built in 2007; approx. 1,828 rentable SF on two parcels totaling approx. 0.62 acres
