658 W 23rd St
Lawrence, KS 66046
Centennial
HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states.
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system)
- SEASONED LOCATION: Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
- TRAFFIC COUNTS: Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD!
- 2025 DEMOGRAPHICS: Total Population (5MI): 100,388 | Average Household Income (1MI): $94,487
FOR SALE DETAILS
PRICE
$1,712,000 USD
PRICE/SF
$660 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
KFC – LAWRENCE, KS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.55 AC
LAND SF
23,958 SF
ZONING
C
APN/PARCEL ID
111-01-0-40-21-010.00-0 01
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480-718-5555
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480-718-5555
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