Ace Hardware (Walgreens Sublease) 15066 W 151st St

The Boulder Group is pleased to exclusively offer for sale a single-tenant, net-leased Walgreens property (subleased to Ace Hardware) located in Olathe, Kansas, within the Kansas City MSA. The Ace Hardware sublease runs concurrently with the Walgreens lease through April 2033. The subject lease is triple net, providing zero landlord responsibilities. Additionally, the property features a drive-thru and an upgraded façade. Ace Hardware is expecting to open between Q2 and Q3 2025.
The 14,842-square-foot building benefits from its signalized hard corner position along West 151 Street and South Blackbob Road, which experience a combined 47,000+ vehicles per day. The subject property shadow anchors a Hy-Vee grocery store that provides a continual flow of through traffic. Other retailers that neighbor the subject and Hy-Vee include Chipotle, Starbucks, McDonald’s, New Horizon Academy, Sherwin-Williams, UMB Bank, and several others. There are over 187,000 people living within a five-mile radius. Additionally, the population produces a six-figure average household income of $151,000.
Ace Hardware is a leading hardware retail cooperative, known for its extensive network of independently owned and operated stores. Founded in 1924, the company has grown to become one of the largest hardware retailers in the world, with over 5,000 locations in more than 60 countries. Ace Hardware offers a broad range of products, including tools, paint, lawn and garden supplies, and home improvement essentials. The company’s commitment to high-quality customer service, competitive pricing, and convenience has earned it a strong reputation in the home improvement sector. With a robust supply chain and a focus on community-based operations, Ace Hardware continues to serve customers with a personalized shopping experience across a diverse range of markets.