1533 W 23rd St - Fast Food FOR SALE


Lawrence, KS 66046- South Lawrence
$2,943,704 USD
818-416-2800
1533 W 23rd St, Lawrence, KS for Sale
$2,943,704 USD
Fast Food - FOR SALE
1/6
null | 6.75% Cap Rate

1533 W 23rd St
Lawrence, KS 66046
South Lawrence


HIGHLIGHTS

  • Predictable Returns: Absolute NNN Lease Structure Ensures Passive Income With Zero Management Responsibilities
  • Growing National Brand: 151 Coffee is Expanding Rapidly, Positioning Itself as a Competitor to Major Drive-Thru Coffee Chains
  • Attractive Yield: Supported By a Tenant With a Seven-Year History of Strong Growth in the Very Attractive $52B Specialty Coffee Store Industry
  • Strategic Location: Frontage Along Lawrence’s Busiest Retail Corridor With 30,000 Vehicles Per Day, Offering Exceptional Visibility
  • University Market Stability: Walking Distance to the University of Kansas, Bringing a Consistent Flow of Student, Faculty, and Visitor Traffic

OVERVIEW

Sands Investment Group is Pleased to Present For Sale a Single-Tenant 151 Coffee Located at 1533 W 23rd Street in Lawrence, Kansas. The Property is Fully leased to 151 Coffee, a Rapidly Expanding Drive-Thru Coffee brand That is Redefining the Quick-Service Coffee Experience With a High-Energy, Customer-Centric Approach and Serving Award-Winning Coffee. This Asset Features an Absolute NNN Lease, Providing Investors With True Passive Income and Zero Landlord Responsibilities. The Long-Term Lease Structure, Combined with a Growing National Tenant, Offers Both Stability and Upside Potential in Kansas's Largest College Town. Founded and Funded By Mark Wattles Who Has Founded/Co-Founded Multiple National Brands Including Hollywood Video (2000 Corporate Owned Stores), HomeAdvisor.com, and Firebirds Wood Fired Grill (55 Restaurants)., 151 Coffee has Quickly Established in the Coffee Sector as One of the Highest Coffee Revenue Per Unit Chains in the Country. The Brand's Expansion Strategy Has Prioritized High-Visibility, Drive-Thru Oriented Sites, in Markets with Strong Daytime Traffic and Retail Density, Exactly Like the Offering at 1533 W 23rd St. With a Proven, Scalable Model and a Growing Footprint Across Several States, 151 Coffee is Positioned For Long-Term Success in the QSR Coffee Sector. All of its Stores Are Corporate Owned By 151 Coffee, LLC. All Store Leases Are With the Same Entity. Strategically Located on One of Lawrence’s Most Heavily Trafficked Retail Corridors Servicing the University of Kansas Students and Faculty, the Site Enjoys Excellent Exposure Along 23rd Street, a Main East-West Thoroughfare to Both Local Residents and Transient Traffic. The Immediate Trade Area Includes a Dense Mix of National Retailers Such as Walmart, Target, Raising Cane’s, Planet Fitness, and CVS, All Supported By the Surrounding Residential Base and the Nearby University of Kansas, Which Brings Over 25,000 Students and Staff Into the Market Year-Round. With Strong Tenant Momentum, a Prime Retail Location, and a True Passive Ownership Structure, This Asset Offers Investors a Compelling Blend of Long- Term Income and Strong Underlying Real Estate. In Cooperation With Sands Investment Group Kansas, LLC - Lic. #CO00002897 BoR: Max Freedman - Lic. KS #241927

FOR SALE DETAILS

PRICE

$2,943,704 USD

PRICE/SF

$1,087 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

151 Coffee - Lawrence, KS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

C-5

APN/PARCEL ID

023-111-12-0-20-01-006.01-0

ASK ABOUT THIS PROPERTY

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
818-416-2800

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