15516 State Ave - Fast Food FOR SALE


Basehor, KS 66007
$1,500,000 USD
310-303-9870
15516 State Ave, Basehor, KS for Sale
$1,500,000 USD
Fast Food - FOR SALE
1/8
null | 6% Cap Rate

15516 State Ave
Basehor, KS 66007


HIGHLIGHTS

  • 6-UNIT SONIC PORTFOLIO (AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO)
  • 20-YEAR ABSOLUTE TRIPLE NET (NNN) LEASES
  • CONSERVATIVE RENT TO SALES RATIO
  • EXPERIENCED OPERATOR
  • AFFLUENT AND GROWING SUBURBAN MARKET
  • STRATEGIC LOCATION ON STATE AVE (US ROUTE 24/40) CORRIDOR

OVERVIEW

PRICING: $1,500,000 CAP RATE: 6.00% NOI: $90,000 LEASE TERM: 20 YEARS INCREASES: 10% EVERY 5 YEARS

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,001 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic Drive-In | Basehor, KS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

CP-2

APN/PARCEL ID

181-02-0-00-00-014.08-0

ASK ABOUT THIS PROPERTY

310-303-9870

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310-303-9870

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