1301 Kansas Dr - Restaurant FOR SALE
Paola, KS 66071 |
$1,550,000 USD
425-274-6696
1301 Kansas Dr
Paola, KS 66071
HIGHLIGHTS
- High Yield Investment Opportunity – This offering reflects an attractive 8.70% cape rate on in-place income
- Absolute NNN Lease – This is an absolute NNN lease which provides a landlord with zero responsibilities offering a passive income structure.
- Attractive Demographics – The average household income within the 3-mile radius is $100k+ which benefits an investor by owning a property
- Below Replacement Cost – Opportunity to acquire a casual dining restaurant at a price below the current replacement cost.
- High Density Retail Corridor – Dense retail corridor surrounded by various national tenants, including but not limited to Subway, KFC, McDonald’s
- Direct Access to Hwy 169 – The subject property is in close proximity to Highway 169 which has an average daily vehicle count of ±13,100.
FOR SALE DETAILS
PRICE
$1,550,000 USD
PRICE/SF
$426 USD /SF
CAP RATE
8.7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Applebee's
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.24 AC
LAND SF
54,014 SF
ZONING
-
APN/PARCEL ID
135-15-0-00-00-006.07-0
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425-274-6696
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425-274-6696
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