1511 Lincoln St - Fast Food FOR SALE


Concordia, KS 66901
$514,285 USD
312-548-6822
1511 Lincoln St, Concordia, KS for Sale
$514,285 USD
Fast Food - FOR SALE
1/7
null | 7% Cap Rate

1511 Lincoln St
Concordia, KS 66901


HIGHLIGHTS

  • Long-Term Sale Leaseback
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Store Sales
  • Strong Operator
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Subway investment property located at 1511 Lincoln Street in Concordia, Kansas (the “Property”). The Property consists of a single-story, 1,914 square-foot building with a drive-thru on 0.42 acres. Subway will sign a new 15-year Absolute NNN Lease with three (3), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Subway occupies a highly visible location along Lincoln Street (US Highway 81), one of Concordia’s primary commercial and commuter corridors. Positioned within the city’s main retail corridor, the Property is surrounded by several traffic- generating national and regional retailers, including Walmart Supercenter, Dollar Tree, Dollar General, and O’Reilly Auto Parts. The site benefits from close proximity to Concordia’s residential neighborhoods, area schools, and North Central Kansas Medical Center, providing a reliable local customer base. The Property also offers strong exposure along US Highway 81 and convenient access to the nearby junction with KS Route 9, enhancing regional connectivity. Additional nearby demand drivers, including Blosser Municipal Airport and Cloud County Community College, contribute to steady activity in the surrounding area and further support the Property’s strategic location within the Concordia market.

FOR SALE DETAILS

PRICE

$514,285 USD

PRICE/SF

$361 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Subway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

-

APN/PARCEL ID

082-04-0-10-25-004.00-0

ASK ABOUT THIS PROPERTY

Jack CollinsHorvath & TremblayMore Info
312-548-6822

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Jack CollinsHorvath & TremblayMore Info
312-548-6822

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