3002 Anderson Ave - Restaurant FOR SALE


Manhattan, KS 66503
$3,371,000 USD
617-904-4384
3002 Anderson Ave, Manhattan, KS for Sale
$3,371,000 USD
Restaurant - FOR SALE
1/9
null | 8% Cap Rate

3002 Anderson Ave
Manhattan, KS 66503


HIGHLIGHTS

  • Long Term Lease
  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Rapidly Expanding Fast Food Tenant
  • College Town
  • Strategic Retail Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Beef-A-Roo investment property located at 3002 Anderson Avenue in Manhattan, Kansas (“the Property”). Beef-A-Roo is operating under a brand-new, 20-year Absolute NNN Lease that commenced in 2023. Currently there are 18+ years of term remaining followed by four (4), 5-year renewal options. The lease calls for attractive 2% annual rent increases throughout the base term and the renewal options. Beef-A-Roo is well located along Anderson Avenue, one of the primary commercial corridors in Manhattan. The immediate area is home to shopping centers with a number of national retailers, notably the West Loop Shopping Center anchored by Dillon’s. The Property features excellent frontage and visibility along Anderson Avenue and is additionally visible from Kansas Route 113; the site is the first property off the Route 113 exit. Beef-A-Roo is less than two miles from Kansas State University’s main campus, which has a total student enrollment of over 20,000, and 3.5 miles from Manhattan Town Center, the city’s flagship shopping mall with over 350,000 square feet of retail floor area.

FOR SALE DETAILS

PRICE

$3,371,000 USD

PRICE/SF

$1,319 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beef-a-Roo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

211-11-0-40-12-009.00-0

ASK ABOUT THIS PROPERTY

Brendan ConwayHorvath & TremblayMore Info
617-904-4384

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Brendan ConwayHorvath & TremblayMore Info
617-904-4384

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