1114 N Main St - Auto Repair FOR SALE


Lansing, KS 66043
$1,606,000 USD
949-506-2009
1114 N Main St, Lansing, KS for Sale
$1,606,000 USD
Auto Repair - FOR SALE
1/5
null | 6.85% Cap Rate

1114 N Main St
Lansing, KS 66043


OVERVIEW

• New, 15-year, absolute NNN lease | Zero Landlord responsibilities • Rapidly growing operator | Tenant currently has four sites open with two additional sites set to open by year-end | Speak with agent for details • Tenant has exclusive rights to operate in the Kansas City Metro Area with an agreement to open at least 16 locations, and plans to open at least 20+ • Signalized, hard corner location with great access and visibility from Highway 73 (aka Main St) and Eisenhower Rd | Combined 70,400+ VPD • Site is located along the main retail corridor of the city, walking distance to Home Depot, ALDI, Starbucks, Citizens Bank, QuikTrip, Club Car Wash, O’Reilly Auto Parts, Buffalo Wild Wings, Tractor Supply, Jimmy John’s, Harbor Freight Tools, among others • Walking distance to University of Saint Mary | 1,267 students enrolled • Blended CAP of 7.56% over base term of the lease, assuming purchase at List Price • Strong, 10% rental increases every 5 years throughout the initial term and options • About 1.5 miles down Eisenhower Rd from the local Walmart Supercenter • Take 5 Oil Change is the fastest growing oil change concept in the U.S. with more than 800 locations in 23 states • Contactless, “Stay in your Car, 10-Minute Oil Change” | COVID resistant concept with limited scope of work to avoid “upselling”

FOR SALE DETAILS

PRICE

$1,606,000 USD

PRICE/SF

$1,135 USD /SF

CAP RATE

6.85%

% 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

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