900 N 3rd St - Restaurant FOR SALE


Manhattan, KS 66502
$2,931,111 USD
844-474-4666
900 N 3rd St, Manhattan, KS for Sale
$2,931,111 USD
Restaurant - FOR SALE
1/5
null | 6.75% Cap Rate

900 N 3rd St
Manhattan, KS 66502


HIGHLIGHTS

  • Predictable Returns: Absolute NNN Lease Structure Ensures Passive Income With Zero Management Responsibilities
  • Growing National Brand: 151 Coffee is Expanding Rapidly, Positioning Itself as a Competitor to Major Drive-Thru Coffee Chains
  • Attractive Yield: Supported By a Tenant With a Seven-Year History of Strong Growth in the Very Attractive $52B Specialty Coffee Store Industry
  • Strategic Location: The Site Boasts Direct Visibility Off of I-24 and is Nestled in the Heart of the Manhattan Retail Corridor
  • Proximity to Kansas State University: Dense, Built-In Consumer Base With Over 20,000 Students Contributing to Consistent Daily Traffic

OVERVIEW

Sands Investment Group is Pleased to Present For Sale the Single-Tenant 151 Coffee Located at 900 N 3rd Street in Manhattan, Kansas. The Property is Fully Leased to 151 Coffee, a Rapidly Expanding Drive-Thru Coffee Brand That is Redefining the Quick-Service Coffee Experience With a High-Energy, Customer-Centric Approach and Service Award-Winning Coffee. This Asset Features an Absolute NNN Lease, Providing Investors With True Passive Income and Zero Landlord Responsibilities. The Long-Term Lease Structure, Combined With a Growing National Tenant, Offers Both Stability and Upside Potential in One of Kansas’s Most Vibrant College Towns. Founded and Funded By Mark Wattles, Who Has Founded/Co-Founded Multiple National Brands, Including Hollywood Video (2000 Corporate Owned Stores), HomeAdvisor.com, and Firebirds Wood Fired Grill (55 Restaurants). 151 Coffee Has Quickly Established Itself in the Coffee Sector as One of the Highest Coffee Revenue Per Unit Chains in the Country. The Brand’s Expansion Strategy has Prioritized High-Visibility, Drive-Thru Oriented Sites in Markets With Strong Daytime Traffic and Retail Density, Exactly Like the Offering at 900 N 3rd Street. With a Proven, Scalable Model and a Growing Footprint Across Several States, 151 Coffee is Positioned For Long-Term Success in the QSR Coffee Sector. All of Its Stores Are Corporate-Owned By 151 Coffee, LLC. All Store Leases Are With the Same Entity. The Property Sits Directly Off Interstate 24, Serving Kansas State University Students and Faculty, Offering Exceptional Visibility and Access Within Manhattan’s Dominant Retail Corridor. The Immediate Trade Area is Anchored By a Powerhouse Lineup of National Retailers, Including Walmart, Hy-Vee, ALDI, Best Buy, Manhattan Town Center Mall, and Manhattan Crossing. Additionally, the Site Benefits From Close Proximity to Kansas State University, Which Brings Over 20,000 Students and Consistent Traffic to the Area Year-Round. With Strong Real Estate Fundamentals, a High-Performing Tenant, and a Zero-Management Lease Structure, This Offering Represents an Excellent Opportunity For Investors Seeking Secure Income, Long-Term Value, and Exposure to a Brand on the Rise. In Cooperation With Sands Investment Group Kansas, LLC - Lic. #CO00002897 BoR: Max Freedman - Lic. KS #241927

FOR SALE DETAILS

PRICE

$2,931,111 USD

PRICE/SF

$3,389 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

151 Coffee - Manhattan, KS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

204-18-2-10-09-002.00-0

ASK ABOUT THIS PROPERTY

Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

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Jonathan SilverSands Investment Group Santa Monica, LLCMore Info
844-474-4666

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