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16689 W 119th Street
Olathe, KS 66061-7760
Asking Price
$2.86M
Cap Rate
5.58%
Asset Type
Restaurant Retail
Class
Class B
What's Special
Retail | 5.58% CAP | 5,800 SqFt <ul><li>8.5 YEAR NNN GROUND LEASE | NEAR TERM 10% RENT ESCALATION - The subject property features a corporate NNN ground lease with LongHorn Steakhouse. The lease has 8.5 years of remaining term complemented by three (3) five-year renewal options. The lease structure provides near-term embedded rent growth, with a scheduled 10% base rent increase effective January 1, 2028. Each subsequent option period carries a 10% rent escalation.</li><li>BEST IN CLASS DARDEN CONCEPT | LEADING SAME STORE SAL
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NOI
$80,000
Cap Rate
2.80%
DSCR
0.47
Underwater
Cash-on-Cash
-10.47%
Monthly Payment
$14,149.72
Annual Cash Flow
$-89,796.634
