937 Main St - Fast Food FOR SALE


Atchison, KS 66002
$2,250,000 USD
248-419-3811
937 Main St, Atchison, KS for Sale
$2,250,000 USD
Fast Food - FOR SALE
1/3
null | 5.33% Cap Rate

937 Main St
Atchison, KS 66002


HIGHLIGHTS

  • New 20 Year Absolute NNN Lease Signed at Close of Escrow.
  • Zero Landlord Responsibilities, 8% Rental Increase Every 5 Years.
  • Proven location with 8 Year Sales History.
  • Low 6.0% Rent to Sales Cost Ensuring Success at this Location.
  • Ideal Demographics for Taco Bell with Limited Competition. Average HH Income More than $100k with 5 Mile Radius.
  • Multi-Unit Experienced Operator (30+ Years).

OVERVIEW

Fortis Net Lease is pleased to present the opportunity to acquire an Absolute NNN Fee Simple investment occupied by Taco Bell and located at 937 Main Street in Atchison, Kansas. The property features a 1,820 square foot freestanding restaurant situated on a 0.62-acre parcel along Main Street, a primary commercial corridor serving the Atchison trade area. At the close of escrow, the tenant, KC Bell will sign a brand new 20 year Absolute NNN lease which will expire in 2046. This store hase been in operation for 8 years so it has proven sales and a low 6.0% Rent to Sales Ratio. KC Bell has been a Taco Bell Franchisee for more than 30 years and operates more than 30 locations with more under development. The absolute NNN lease will require zero landlord responsibilities and includes 8% increase every 5 years. These rent escalations are also included in the four, five year option periods. This is an ideal opportunity for an investor to purchase a passive income real estate asset with absolutely zero management responsibilities. The tenant is responsible for all property taxes, insurance and capital expenditures including the roof, structure & HVAC.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$1,092 USD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

GBD

APN/PARCEL ID

0030910101022007000

ASK ABOUT THIS PROPERTY

Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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Marvin DeLauraFortis Net LeaseMore Info
248-419-3811

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