LongHorn Steakhouse
$2,860,000
16689 West 119th Street, Olathe, KS 66061
For Sale
Retail
Restaurant
Active
Last Updated: 04/20/2026
5.58
Cap Rate
159,720
NOI
Details:
Cap Rate: 5.58%
NOI: $159,720
Building Size: 5,800 sqft
Lot Area: 1.1 acres
Occupancy: 100%
Lease Type: Triple Net
Tenancy: Single
Highlights:
- 8.5 YEAR NNN GROUND LEASE | NEAR TERM 10% RENT ESCALATION
- BEST IN CLASS DARDEN CONCEPT | LEADING SAME STORE SALES GROWTH
- 19 YEAR OPERATING HISTORY | RECENT 10 YEAR EXTENSION
- INVESTMENT GRADE TENANCY | DARDEN RESTAURANTS
- EXCELLENT DEMOGRAPHICS | DENSITY WITH HIGH INCOMES
- DOMINANT RETAIL TRADE AREA | 14.4 MILLION ANNUAL VISITORS
Description:
Mid-America Real Estate, in cooperation with Pace Properties, Inc., has been retained on behalf of the owner to sell the 100% simple interest in the 5,800 square foot, freestanding LongHorn Steakhouse located at 16689 West 119th Street, Olathe, KS. The subject offering features an 8.5-year NNN ground lease located in a top tier regional retail node.
Documents:
| Title | ||
|---|---|---|
| LongHorn_Steakhouse___Olathe__KS_-_OM.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
