8-10 W 8th St - Freestanding FOR SALE


Lawrence, KS 66044
$1,640,000 USD
913-956-5817
8-10 W 8th St, Lawrence, KS for Sale
$1,640,000 USD
Freestanding - FOR SALE
1/2
null | 7.36% Cap Rate

8-10 W 8th St
Lawrence, KS 66044


HIGHLIGHTS

  • Noodles & Company just exercised a 5-year extension with zero landlord requests.
  • The property is strategically situated in a prime “ground zero” location in downtown Lawrence and near the University of Kansas campus
  • With a cap rate of 7.35%, this investment offers a stable and attractive income stream.
  • Noodles & Company takes care of the majority of maintenance, making this investment hassle-free for landlords.
  • Noodles & Company has operated at this location for over 15 years showing a dedication to this location.
  • 5 mile population exceeds 95,000, 5 mile median household income exceeds $63,000, and 1 mile median home value exceeds $308,000.

OVERVIEW

NAI Heartland is pleased to present a NNN leased retail investment opportunity. 8 W 8th Street in Lawrence, Kansas is a 2,952 SF retail building leased to Noodles & Company. Noodles & Company is dedicated to this location operating here for over 15 years. Plus, they just exercised their first lease option extending their term for 5 more years with zero landlord requests. In addition to the long-term national tenant, this investment opportunity also benefits from a prime “ground zero” location on 8th Street and Massachusetts Street in downtown Lawrence. The area is a top destination in the region with historic walkable landscapes, one-of-a-kind mix of shopping, dining, and entertainment, coupled with hosting an abundance of spectacular community events and located at the doorstep of the University of Kansas.

FOR SALE DETAILS

PRICE

$1,640,000 USD

PRICE/SF

$556 USD /SF

CAP RATE

7.36%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-3

APN/PARCEL ID

023-079-31-0-20-04-006.02-0,023-079-31-0-20-04-006.03-0

ASK ABOUT THIS PROPERTY

Brandon HeckNAI HeartlandMore Info
913-956-5817

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

Brandon HeckNAI HeartlandMore Info
913-956-5817

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