Rivian Automotive Inc NNN Property For Sale — Olathe, KS
An exceptional investment opportunity featuring a modern industrial facility, 100% leased to Rivian Automotive Inc. This property serves as a service and demonstration center, strategically located in an infill Johnson County area with excellent access to I-35/Santa Fe Road. The building, constructed in 2019, boasts Class A office finishes. The tenant has recently exercised the first of two 3-year fixed-rate renewal options, demonstrating continued commitment to the location. The property benefits from a low vacancy submarket (3.3%) and is offered at a substantial discount to replacement cost.
- Asking price $3.52M
- 7.00% cap rate
- NOI $246,085
- 3.5 years remaining
- NNN lease
Asset type: Industrial - Warehouse/Distribution