1201 Commerce Dr - Storefront Retail/Office FOR SALE


Wamego, KS 66547
$2,106,667 USD
214-692-2927
1201 Commerce Dr, Wamego, KS for Sale
$2,106,667 USD
Storefront Retail/Office - FOR SALE
1/1
null | 7.5% Cap Rate

1201 Commerce Dr
Wamego, KS 66547


HIGHLIGHTS

  • 2024 build-to-suit construction for Dollar Tree
  • ±10 year NN+ lease with minimal landlord responsibility
  • The subject property comes with a 20-year transferable roof warranty
  • Concrete parking lot which allows for little-to-no maintenance
  • Five, 5-year renewal options, all of which include attractive rental increases
  • Corporately guaranteed lease by Dollar Tree Store, Inc.

OVERVIEW

Wamego is located approximately ±44 miles from Topeka (3rd largest MSA in KS) Average household income of $110,089 annually Traffic counts on US Highway 24 exceed ±12,400 vehicles daily Dollar Tree acquired Family Dollar in 2015 and they are considered to be the second largest discount retailer in the United States with more than 16,000 locations Dollar Tree is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales/profitability Investment Grade Credit Tenant – S&P Rated BBB

FOR SALE DETAILS

PRICE

$2,106,667 USD

PRICE/SF

$211 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,866 SF

ZONING

ET

APN/PARCEL ID

293-05-0-10-04-002.00-0

ASK ABOUT THIS PROPERTY

Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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Scotty LatimerMatthews Real Estate Investment ServicesMore Info
214-692-2927

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