4651 Bauer Farm Dr - Storefront FOR SALE


Lawrence, KS 66049- West Lawrence
$1,772,000 USD
650-678-7200
4651 Bauer Farm Dr, Lawrence, KS for Sale
$1,772,000 USD
Storefront - FOR SALE
1/4
null | 7.15% Cap Rate

4651 Bauer Farm Dr
Lawrence, KS 66049
West Lawrence


HIGHLIGHTS

  • 4+ years remaining in the base term with three, 5-year extension options
  • 10% rental increases at start of each option providing a hedge against inflation
  • 2019 build-to-suit construction with 15-year roof warranty in place (~10 years remaining)
  • Standalone visibility on W 6th Street – 23,000 VPD
  • Affluent submarket – $115,000 average household incomes within a 1-mile radius of the subject property
  • Home to University of Kansas – 30,700 students

OVERVIEW

Long-term lease to the largest authorized Verizon retailer in the U.S. with 4+ years remaining in the base term and three, 5-year options to extend at 10% rental increases. Subject property is located in Lawrence – a densely populated college town home to the University of Kansas (30,770 students).

FOR SALE DETAILS

PRICE

$1,772,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

-

APN/PARCEL ID

068-28-0-40-08-002.01-0

ASK ABOUT THIS PROPERTY

John AndreiniCP Partners CREMore Info
650-678-7200

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John AndreiniCP Partners CREMore Info
650-678-7200

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