Neighborhood center in high-income Kansas City submarket
Blue West Capital is pleased to present the opportunity to acquire Murlen Plaza, a 37,297-square-foot neighborhood retail center at the high-traffic intersection of W 151st Street and S Mur-Len Road in Olathe, Kansas. With visibility to approximately 40,000 vehicles per day, the property stands as a well-trafficked retail destination.
Murlen Plaza features a strong and diverse tenant mix anchored by CVS Pharmacy (drive-thru), alongside established tenants including The Peanut, Murlen Animal Clinic, and Dental Care of Olathe. The center is 96% leased to 11 tenants, with below-market average rent of $13.01 per square foot.
The offering provides immediate, stable cash flow and future upside via the CVS ground lease. The center draws over 614,000 visits annually, with consistent growth of +9.3% year-over-year, +10.2% over two years, and +15.4% over three years*—highlighting its strength within the trade area.
*Placer.ai
