Olathe, Kansas, is an attractive destination for investors seeking to capitalize on the city's growing commercial and industrial sectors. With a diverse range of major employers, including Honeywell, Husqvarna, ALDI, Garmin, Grundfos, and Farmers Insurance Group, Olathe offers a strong foundation for businesses to thrive. Restaurants for sale in Olathe present a unique opportunity for entrepreneurs to tap into the city's growing population of around 140,000 residents. These establishments can cater to the diverse tastes of the local community, including students from MidAmerica Nazarene University and the Kansas School for the Deaf, as well as employees from the various corporations based in the city. Olathe's amenities, such as Black Bob Park, Lake Olathe, and Cedar Lake, provide an attractive quality of life for residents, making it an ideal location for restaurants to flourish. The city's location, bordered by Lenexa to the north, Overland Park to the east, De Soto to the northwest, and Gardner to the southwest, ensures easy access to a broader customer base.
Olathe's restaurants for sale offer a unique chance to invest in a city with a rich history and a strong economy. With 5 restaurants for sale, investors have a range of options to choose from. In addition to restaurants, Olathe also offers opportunities to invest in apartment buildings, shopping centers, specialty properties, and hotels. For instance, apartment buildings in Olathe can capitalize on the city's growing population and proximity to major employers. Shopping centers can benefit from the city's strong retail sector, while specialty properties can cater to the unique needs of the local community. Hotels in Olathe can tap into the city's tourism industry, which is driven by attractions like the Mahaffie Stagecoach Stop & Farm's Wild West Days and the Mahaffie House. Overall, Olathe presents a compelling investment opportunity for those seeking to capitalize on the city's growth and diversity.
What is the average cost per square foot for a restaurant in Olathe?
The average cost per square foot for a restaurant in Olathe is $1,040 USD per square foot, with an average size of 4,331 square feet and a largest size of 7,700 square feet available among the 5 listings currently on the market.
What factors determine the value of a restaurant for sale in Olathe?
When evaluating the value of a restaurant for sale in Olathe, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Johnson County Executive Airport and New Century AirCenter, as well as accessibility to main roads and highways, being highly desirable;
- The restaurant's size, with an average size of 4,331 square feet, and a maximum size of 7,700 square feet, influencing its value;
- Financial performance, including the average price per square foot of $1,040 USD and an average cap rate of 6%, which can impact the restaurant's overall value and potential for return on investment.
