Freestanding NNN Starbucks
16521 West 119th Street Olathe, KS 66061
16521 West 119th Street, Olathe, KS, 66061
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market104
Property Features for 16521 West 119th Street
General Information
- Standard status
- Pending
- Size
- 1,828 SF
- Lot size
- 0.62 Acres
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1782
Listed by
Adam Levin · License #CA 01462752
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 2:03AM Checked: Jul 22 at 2:03AM
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
Location Intelligence
Current Use by Public Records
Coffee shops
Similar For Sale Nearby
Similar Off Market Nearby
- Cool Leaf Kombucha — 1250 N Winchester St, Olathe, KS 66061
- Parking space — 12125 S Strang Line Rd, Olathe, KS 66062
- Starbucks — 16521 W 119th St Gateway, Olathe, KS 66061
- Starbucks — 15345 W 119th St, Olathe, KS 66062
FAQs
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
