Free-standing grocer renovated to almost new with experienced operators. Recent major upgrades to building; both interior and exterior. JA Supermarkets is an experienced group of operators who have, with landlord help, fully renovated with new equipment and fully stock a well-located long term grocer building. Over 6 years left on lease. Graduated increases during 7 year initial term; with 8% cap on THIRD year of lease. Originally built for Safeway Grocery. FULL COMMISSION TO BUYER BROKER.
The subject property is a single tenant Taco Bueno consisting of 2,620 square feet and sitting on nearly 1 acre near the signalized intersection of E. Central Avenue and N. Hillside Avenue. The lease is absolute NNN with 10% rental increases every 5 years and a corporate backed guarantee by Taco Bueno Restaurants, L.P. Traffic counts directly in front of the subject property exceed 20,000 vehicles per day. Wesley Medical Center, a full service hospital employing over 900 physicians and 3,000 employees, services all of Kansas and northern Oklahoma, is within a block of the subject property.
Great NNN Walgreens with over 13 years remaining on fixed term of lease. Offered debt free at sale. Solid sales numbers.
This car wash features a total of eight wash bays seven manual wash bays and one automatic bay. All bays are coin operated, and five feature equipment to pay by credit. The floors are heated during freezing temperatures, and vehicle washing year round. Bill changers and auto related vending machines are available for the customer' s convenience. Also included are vacuum kiosks with security lighting that that are located as the customers approach and exit the wash bays. There twelve security cameras with DVR and remote viewing, and a stereo receiver with speakers in all bays for music while washing your vehicle. Lighted signage is highly visible from Tyler. Tax records are available to pre-qualified buyers.
" Building Size: 103,538 sq. ft. " Sale Price: $4,200,000 ($40.56 PSF) " In Place NOI: $248,696 (6%) " Zoning: Limited Commercial/General Commercial " Parking: 510 spaces " Year Built: 1976 " Pad Site Opportunity " 63% Occupancy (8 tenants) " Great exposure from US HWY 54/400 " Adjacent to Home Depot " Recent renewal from 25-year tenant USPS
" In Place NOI: $248,696 (6%) " Zoning: Limited Commercial/General Commercial " Parking: 510 spaces " Year Built: 1976 " Pad Site Opportunity " 63% Occupancy (8 tenants) " Great exposure from US HWY 54/400 " Adjacent to Home Depot " Recent renewal from 25-year tenant USPS
Building Size: 28,909 sq. ft. Lot Size: 138,671 sq. ft. Sales Price: $1,350,000 ($46.70 per sq. ft.) In Place NOI at 50% occupied: $63,000 (4.7% CAP) Projected NOI at 100% occupancy: $217,423 ($7.50 per sq. ft. NNN) Year Built: 1954 Less than 1/2 a mile from I-35 Recently renovated (New roof 2015)
" Stabilized multi-tenant retail strip investment opportunity " Great 1031 replacement property " Landlord responsible for roof and structure " Major renovations in 2012 include HVAC replacement and new roof coating in 2015
- Douglas frontage - Surface parking lot - approx. 26 spaces - 1/2 mile from Kellogg/US 54 Hwy
Lot Size: 8,805 sq. ft. 111 S. 5th St.: Currently occupied by JMS Financial. 109 S. 5th St. is an attached conference room. Loft apartment directly above office space-5 bedrooms, 4 bathrooms. Private garage in the rear of property. 113 S. 5th St.: Currently occupied by The Arnold Group. Storage space directly above office space.