Meadowland Commons

Newmark Zimmer’s retail team is excited to offer a 2,200-square-foot leasing opportunity at Meadowland Commons, located at 1207-1251 W Harold Street, Olathe, Kansas. This prime retail space, conveniently situated at the corner of 7 Highway and Harold Street, benefits from a high-traffic location, with 21,400 cars passing daily on 7 Highway. Notably, the center is anchored by Anytime Fitness and enjoys close proximity to major retailers like Walmart and Target.

In addition, the center’s appeal increases due to its adjacency to the newly developed 500-unit Parkview Townhomes and Apartments, which bring a steady flow of potential customers. Consequently, businesses at Meadowland Commons can capitalize on this growing residential community. The available space offers a competitive lease rate of $16.00 per square foot (NNN), making it an attractive option for prospective tenants.

Furthermore, the property features a well-maintained 17,684-square-foot, one-story retail building, completed in 2008. Spanning 4.36 acres, Meadowland Commons includes 40 parking spaces, ensuring ample parking with a ratio of 2.22 spaces per 1,000 square feet leased. Additionally, the building boasts 593 feet of frontage on W Harold Street and operates under C-1 zoning. Currently, the building benefits from full occupancy, hosting a diverse mix of tenants.

For investors or owner-users, Meadowland Commons presents an appealing purchase option at $4,208,000, which equates to $238 per square foot. The property offers a cap rate of 7% and generates a net operating income (NOI) of $294,573. Consequently, this investment opportunity provides both stable income potential and a solid return on investment.