20015 W 153rd St - Service Station FOR SALE
Olathe, KS 66062 |
$1,735,000 USD
760-642-9942
20015 W 153rd St
Olathe, KS 66062
HIGHLIGHTS
- Listed for $1,735,000 yielding a cap rate of 7.25%.
- #1 Jiffy Lube in KS – Per foot traffic data (Alpha Map), the subject property is the best in the state and in the 90th percentile nationally.
- Recent Extension – Tenant exercised their option demonstrating commitment to the location.
- Abs. NNN Lease – Zero landlord responsibilities.
- Strong Guarantor – Team Car Care has ±500 locations nationally and is a national leader in the quick lube industry.
- Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
FOR SALE DETAILS
PRICE
$1,735,000 USD
PRICE/SF
$819 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
JIFFY LUBE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.56 AC
LAND SF
24,394 SF
ZONING
CP-3
APN/PARCEL ID
DP70820000-0010
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760-642-9942
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760-642-9942
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