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SiteOne Landscape Supply
12905 West 143rd Street, Olathe, KS 66062
$2,200,000
Cap Rate 6.00%
Summary
| Price $2,200,000 | Built/Renov 2000 | Tenant SiteOne Landscape Supply |
| Cap Rate 6.00% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
5,792
| Lease Start
11-01-2016
| #Units
590
|
| Price/SF $379.83 | Expiration
10-31-2033
| Tenant Type General Retail |
| NOI $132,000 | R. Term 9.10 | Ownership Fee Simple |
| Rent/SF
$22.79
| Increases 8.0%/4/yrs | Pop 5Mi 222,913 |
| Lot/AC 16.99 | Options 2/5yrs/2% | AHHI 5Mi $139,127 |
| | |
Lease Highlights
- Newly executed 10-year lease extension
- 8% rent increase in November 2028 and 2% annual increases in options
- Over $1.3mm in guaranteed income over the primary term of the lease
- Rare opportunity to acquire a large income producing land parcel at a low basis ($129,488/AC) | Excellent residual land value | Minimal landlord responsibilities
- Corporate guaranteed lease
Location Description
SiteOne Landscape Supply is ideally located along West 143rd St. which sees 11,400 vehicles passing by daily, and within close proximity to US Hwy 69 (88,700 VPD). The site benefits from strong demographics, with 222,913 living within a 5-mile radius. This is one of the most affluent zips codes southwest of Kansas City, with an average household income of $171,493 within 1-mile of the...
...Features
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Near major nationals
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Strategically located
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Highway close
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Dense 200M+ pop 5 mi
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Top 100 MSA
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Affluent AHHI $100K 5 Mi
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Recently extended lease
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Annual rent increases
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Traded and rated company
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Corporate Guarantee
...
Maps
Tenant
- Tenant: SiteOne Landscape Supply, LLC
- Guarantor:Corp T and Rated
- Company:SiteOne Landscape Supply Inc.
- # Units:590
- Tenant S&P: BB
- Moody’s: Ba1
- Stock:NYSE: SITE
About Tenant
SiteOne Landscape Supply Inc. (NYSE: SITE), is the largest and only national wholesale distributor of landscaping products in the United States and Canada. Created in 2015 from its predecessor...
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Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,352 | 95,975 | 227,001 |
| 2023 Total Population : | 9,179 | 94,507 | 222,913 |
| 2023 Employed Civilian Pop : | 5,157 | 51,684 | 123,560 |
| 2023 Total Businesses : | 82 | 2,123 | 9,194 |
| 2023 Average Household Income : | $ 171,493 | $ 160,287 | $ 139,127 |
| 2023 Total Consumer Spending : | $ 458 M | $ 4469 M | $ 10087 M |
| 2023 Median Age : | 34 | 37 | 37 |
| 2023 Total Households : | 3,196 | 33,182 | 85,361 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,629 | 25,098 | 55,033 |
| 2023 Average Home Value : | $ 437,105 | $ 426,802 | $ 395,905 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West 143rd Street | Westgate St | 2021 | 4,227 | 0.17 mi |
| W 143rd St | W 142nd St | 2011 | 7,300 | 0.22 mi |
| Pflumm Rd | S Summit St | 2011 | 7,000 | 0.34 mi |
| Pflumm Road | S Summit St | 2018 | 6,580 | 0.35 mi |
| Pflumm Road | 129th St | 2021 | 6,335 | 0.39 mi |
| W 143rd St | Gallery St | 2011 | 8,600 | 0.43 mi |
| Pflumm Road | W 147th St | 2018 | 6,580 | 0.47 mi |
| West 143rd Street | Quivira Rd | 2018 | 4,170 | 0.53 mi |
| Pflumm Road | W 147th St | 2021 | 6,669 | 0.56 mi |
| W 143rd St | Quivira Rd | 2011 | 7,300 | 0.59 mi |
