
Murlen Plaza
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Murlen Plaza Portefeuille de local commercial à vendre 2 biens 5 697 571 € Olathe, KS



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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- 96% occupied neighborhood center in the Kansas City MSA
- CVS (drive-thru) ranks as the #4 location in Kansas and pays below-market rent (Placer.ai)
- Long-term tenancy: ~52% of tenants have occupied the center for 20+ years
- All tenants on triple-net (NNN) leases, with below-market rents and annual rent escalations
- Affluent suburban area with $141,416 average household income within one mile.
- Located in Johnson County, the most affluent and desirable county in Kansas
RÉSUMÉ ANALYTIQUE
Blue West Capital is pleased to present the opportunity to acquire Murlen Plaza, a 37,297-square-foot neighborhood retail center at the high-traffic intersection of W 151st Street and S Mur-Len Road in Olathe, Kansas. With visibility to approximately 40,000 vehicles per day, the property stands as a well-trafficked retail destination.
Murlen Plaza features a strong and diverse tenant mix anchored by CVS Pharmacy (drive-thru), alongside established tenants including The Peanut, Murlen Animal Clinic, and Dental Care of Olathe. The center is 96% leased to 11 tenants, with below-market average rent of $13.01 per square foot.
The offering provides immediate, stable cash flow and future upside via the CVS ground lease. The center draws over 614,000 visits annually, with consistent growth of +9.3% year-over-year, +10.2% over two years, and +15.4% over three years*—highlighting its strength within the trade area.
Located in Olathe, part of the Kansas City Metro, and is the fourth-largest city in Kansas with over 147,000 residents. As the county seat of Johnson County—the most affluent in the state—it offers strong demographics, solid economic fundamentals, and excellent highway access.
Murlen Plaza features a strong and diverse tenant mix anchored by CVS Pharmacy (drive-thru), alongside established tenants including The Peanut, Murlen Animal Clinic, and Dental Care of Olathe. The center is 96% leased to 11 tenants, with below-market average rent of $13.01 per square foot.
The offering provides immediate, stable cash flow and future upside via the CVS ground lease. The center draws over 614,000 visits annually, with consistent growth of +9.3% year-over-year, +10.2% over two years, and +15.4% over three years*—highlighting its strength within the trade area.
Located in Olathe, part of the Kansas City Metro, and is the fourth-largest city in Kansas with over 147,000 residents. As the county seat of Johnson County—the most affluent in the state—it offers strong demographics, solid economic fundamentals, and excellent highway access.
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INFORMATIONS SUR L’IMMEUBLE
Biens
NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
---|---|---|---|---|
Mur-Len Plaza
1701-1731 S Mur-Len Rd, Olathe, KS 66062 |
Local commercial | 1 630 m² | 1990 | - |
1785 S Mur Len Rd, Olathe, KS 66062 | Local commercial | 2 142 m² | 2002 | - |
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Murlen Plaza
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