1001 Lincoln Ave - Retail FOR SALE
Wamego, KS 66547 |
$1,408,427 USD
602-625-8338
1001 Lincoln Ave
Wamego, KS 66547
HIGHLIGHTS
- Absolute NNN with zero landlord responsibilities on a long-term lease with over 11 years remaining
- 10% increases every 5 years with the next increase in December 2031. 2026 increase is included in current rent and Seller will credit the difference
- Soar Restaurants II LLC is part of Soar QSR, a large SONIC franchisee, operating appx 190 locations across 20 states
- Over 10,000 vehicles per day on Highway 24 and nearly 8,000 vehicles per day on Lincoln Avenue
- Half a mile from the OZ Museum a unique museum dedicated to The Wizard of Oz artifacts
- About a 4 minute walk from Wamego High School with over 500 students
OVERVIEW
Retail Investment Group is pleased to offer for sale this Sonic in Wamego, Kansas which part of the Manhattan Kansas MSA.
This opportunity features an absolute NNN lease with more than 11 years remaining.
Built in 1991, this Sonic has been operating at this location for approximately 34 years. This ±1,252-square-foot building sits on a ±0.68-acre lot.
Broker of Record: Brian Brockman
Lic: 239819
Bang Realty-Kansas Inc
513.898.1551
bor@bangrealty.com
FOR SALE DETAILS
PRICE
$1,408,427 USD
PRICE/SF
$1,125 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Sonic Wamego
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.68 AC
LAND SF
29,621 SF
ZONING
-
APN/PARCEL ID
292-04-0-30-01-016.00-0
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602-625-8338
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602-625-8338
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