2122 Lincoln St - Freestanding FOR SALE


Concordia, KS 66901
$1,405,000 USD
602-682-6052
2122 Lincoln St, Concordia, KS for Sale
$1,405,000 USD
Freestanding - FOR SALE
1/8
null | 7% Cap Rate

2122 Lincoln St
Concordia, KS 66901


HIGHLIGHTS

  • ~9 Years Remaining | Annual Rental Increases | Growing Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Along Lincoln St (11,900 VPD) | Nearby School & Hospital
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• The tenant currently has ~9 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 1.50% annual rental increases during the initial term and options thereafter, steadily growing NOI and hedging against inflation • Paxton Keiser Enterprises is a major franchise group based in Nashville that owns and operates 22 Taco John’s fast-food restaurant locations across multiple states including Iowa, Missouri, Kansas, Nebraska & Kentucky

FOR SALE DETAILS

PRICE

$1,405,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco John's | Abs NNN | Annual Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

General Commercial

APN/PARCEL ID

082-04-0-30-14-003.00-0

ASK ABOUT THIS PROPERTY

Chris Abdayem, CCIMSRS National Net LeaseMore Info
602-682-6052

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Chris Abdayem, CCIMSRS National Net LeaseMore Info
602-682-6052

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