1114 N Main St - Auto Repair FOR SALE


Lansing, KS 66043
$1,571,000 USD
949-506-2009
1114 N Main St, Lansing, KS for Sale
$1,571,000 USD
Auto Repair - FOR SALE
1/10
null | 7% Cap Rate

1114 N Main St
Lansing, KS 66043


HIGHLIGHTS

  • Franchisee Guaranteed Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Walking Distance to National Retailers | Walmart Supercenter
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease and Goldman Investment Advisors are pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Take 5 Oil Change investment property located in Lansing, Kansas. The tenant, Take 5 Oil Change will sign a new 15-year lease with 5 (5-year) options to extend at the close of escrow (sale-leaseback), demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$1,571,000 USD

PRICE/SF

$1,110 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Take 5 Oil | 70k+ VPD | KC Area

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

094-18-0-30-06-002.00-0

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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