715 Town Center Dr - Fast Food FOR SALE


Lansing, KS 66043
$1,119,000 USD
949-698-1105
715 Town Center Dr, Lansing, KS for Sale
$1,119,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

715 Town Center Dr
Lansing, KS 66043


HIGHLIGHTS

  • 16 Years Remaining | Drive-Thru Equipped | Strong Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Lansing Towne Center | Visibility on S. Main St (27,700 VPD)
  • Strong Demographics In 5-Mile Trade Area | Kansas City MSA

OVERVIEW

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Sonic investment property located in Lansing, Kansas (Kansas City MSA). The tenant, Serj Drive-In Kansas, LLC, has 16 years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The next rental increase is in January 2028. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. SERJ Group is an experienced fast-food franchisee operating 20 Sonic locations, including 9 in Kansas, and an additional 7 Taco Bell locations.

FOR SALE DETAILS

PRICE

$1,119,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonic | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

B-3

APN/PARCEL ID

107-25-0-10-07-001.05-0

ASK ABOUT THIS PROPERTY

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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

Winston GuestSRS National Net LeaseMore Info
949-698-1105

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