Leased Flex Service
For Sale
$3,515,503
601 N Lindenwood Dr, Olathe, KS 66062
Newer flex facility built in 2019 with Class A office finish, leased long term on a NNN basis.
Property SizeContact for details
Days on Market46
Property Features for 601 N Lindenwood Dr
General Information
Standard status
Active
Class
Class A
Property subtype
Industrial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7%
Building Details
Year Built
2019
Tenancy
Single
Listing Agency:
Kansas City
(816) 556-1184
Listed By:
John Stafford · License #00241790
(816) 556-1184
Source:
Colliers
Added: Jul 18
Changed: Aug 23
Last Checked: Aug 31 at 12:52PM
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 Kansas City
Investment Insights
Based on property information with market context.
This for-sale, NNN investment property is a 2019-built flex service and demonstration center with Class A office finishes. The building is 100% leased to Rivian Automotive Inc. (NASDAQ: RIVN), and the lease includes 3.5 years (±) remaining. The tenant recently exercised the first (of two) 3-year, fixed-rate renewal options.
The property is located in an infill Johnson County setting with access via I-35 and Santa Fe Road.
The lease structure is NNN, with landlord responsibilities including structural repairs or replacement and HVAC replacement. Rent increases are scheduled at 2.0% annually.
The property is located in an infill Johnson County setting with access via I-35 and Santa Fe Road.
The lease structure is NNN, with landlord responsibilities including structural repairs or replacement and HVAC replacement. Rent increases are scheduled at 2.0% annually.
Key Highlights
- 100% leased to Rivian Automotive Inc (NASDAQ: RIVN) as a service and demonstration center
- Built in 2019 with Class A office finish
- NNN lease with 3.5± years remaining on the lease term
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,209
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66062, KS
77,553
Population
29,350
Households
2.6
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
42.1 sq mi
ZIP Area
1,842
Density / Sq Mi
$116,248
Median Household Income
$55,718
Median Earnings
$1,349
Median Rent
$342,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Two Guys and a Grill — 109 N Chester St, Olathe, KS 66061
Frequently Asked Questions
What type of property is this?
Flex space - Newer flex facility built in 2019 with Class A office finish, leased long term on a NNN basis.
Where is this flex space located?
The property is located at 601 N Lindenwood Dr Olathe, KS.
What is the asking price?
The asking price for this property is $3,515,503.
What are key features of this property?
This property features: 100% leased to Rivian Automotive Inc (NASDAQ: RIVN) as a service and demonstration center; Built in 2019 with Class A office finish; NNN lease with 3.5± years remaining on the lease term
