1409 N Kansas Ave - Storefront FOR SALE


Liberal, KS 67901
$2,161,570 USD
800-558-5464
1409 N Kansas Ave, Liberal, KS for Sale
$2,161,570 USD
Storefront - FOR SALE
1/1
null | 7.45% Cap Rate

1409 N Kansas Ave
Liberal, KS 67901


HIGHLIGHTS

  • NNN Retail Opportunity with Credit Tenants
  • Highest traffic volume in a 20-mile radius
  • Leased to Starbucks & T-Mobile Corporate

OVERVIEW

Investment Summary: High-Traffic NNN Retail Opportunity with Credit Tenants This premier NNN-leased investment features nationally recognized corporate tenants—Starbucks and T-Mobile, both boasting BBB+ credit ratings and a combined market cap of $292 billion. With 7 years of remaining lease term and built-in income growth through a 7.3% rent increase in 2027, this asset offers both long-term security and near-term upside. Strategically located on a signalized hard corner along N Kansas Ave and E 15th St, the site benefits from 15,700 VPD, the highest traffic volume in a 20-mile radius. As an outparcel to a high-performing Dillon’s Grocery & Fuel Center—which sees over 1.12 million annual visits—this location is a prime retail draw in the Liberal, Kansas market. Additional demand drivers include: Caddy corner to Southwest Medical Center, a 101-bed hospital generating $223.5M in 2023 revenue Just 0.75 miles from Walmart Supercenter, supporting 2.5M+ visits per year Across from Liberal Plaza, which contributes another 407K visits annually Liberal’s robust local economy, top-ranked high school, and 2.5% unemployment rate underscore the area’s stability and growth. This is a rare chance to acquire a stable, passive-income asset in a thriving retail corridor with top-tier corporate tenancy and significant foot traffic drivers. Investment Highlights • NNN Leased to Starbucks & T-Mobile Corporate, two BBB+ credit rated Tenants with a combined Market Cap of $292 Billion • 7.8 Years of Lease Term Remaining • Near term income upside with 7.3% Rent Increase in 2027 • Outpad to Dillon’s Grocery & Fuel Center Anchored Plaza which generates 1.12M customer visits per year and is Liberal’s 2nd largest Grocery store after Walmart. • Positioned on a Hard Corner Signalized Intersection with Direct frontage to 15,700 VPD along N Kansas Ave & E 15th St, the highest traffic counts in a 20-mile radius • Caddy Corner to Southwest Medical Center, a 101-Bed acute care Hospital which generated $223.5M of patient revenue in 2023 • 0.75 miles from Walmart Super Center which offers additional Big Box Anchor support of 2.5M customer visits per year • Directly across from Liberal Plaza which generates 407k customer visits per year • Liberal boasts a Strong Economy and School System with a very healthy 2.5% Unemployment Rate (almost half of the National Unemployment rate of 4.1%) and the 7th ranked High School in the State

FOR SALE DETAILS

PRICE

$2,161,570 USD

PRICE/SF

$206 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks & T-Mobile Shops

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

J.P KingJ.P. King Auction Co.More Info
800-558-5464

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J.P KingJ.P. King Auction Co.More Info
800-558-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.