Olathe, KS - Children of America
$5,707,000
11134 S Noble Dr, Olathe, KS 66061
7
Cap Rate
399,500
NOI
Details:
Description:
SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest in a NNN leased Children of America property in Olathe, Kansas. The tenant, Children of America Lawrenceville, LLC, recently executed a brand-new 15-year lease with two (2) additional 5-year renewal options, demonstrating long-term commitment to the site. The lease includes scheduled rental increases, 2% annually in years 6-10; 2.5% annually in years 11-15; and 3% annually during both renewal terms, providing steady NOI growth and inflation protection. Backed by a corporate guaranty from World Wide Child Care Corp., parent of Children of America Educational Care (an industry leader with over 60 locations). Newly constructed in 2025 the property features high-quality materials and modern finishes.
The property is situated just off the hard corner intersection of S. Noble Drive and College Blvd (24,800 VPD) and is only a 9-minute drive from I-35 (108,000 VPD), a key regional arterial providing strong connectivity throughout the Kansas City metro area. The location is in a dense retail corridor, surrounded by national tenants including Dutch Bros, Subway, and Shell, reinforcing traffic synergy. Proximity to key community anchors enhances visibility and demand: nearby schools such as Primrose School of North Olathe, Meadow Lane Elementary, Prairie Trail Middle School, and Olathe Northwest High School, plus a branch campus of Kansas State University. The College Boulevard Activity Center, a major multi-sport and recreation complex, draws large-scale events and tournaments and provides broad parking infrastructure, supporting consistent daily foot traffic to the area. The 5-mile trade area includes over 123,600 residents and 82,900 employees, with average household incomes of approximately $178,093 (1-mile), $162,855 (3-miles), and $134,598 (5-miles). These demographic fundamentals support sustained demand for childcare services and long-term real estate stability. Located in the Kansas City MSA, one of the most dynamic and centrally located metro areas in the U.S, this property benefits from a growing population base, robust transportation infrastructure, and a diversified economy anchored by healthcare, logistics, manufacturing, and technology sectors.
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