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1301 Kansas Dr
Paola, KS 66071

$1,550,000 USD

Restaurant For Sale  •  3,642 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,642 SF
  • Lot Size 1.24 AC
  • Year Built 2004
  • Cap Rate 8.70 %
  • Tenancy Single
0 Transit Score
57 Walk Score

Highlights

High Yield Investment Opportunity – This offering reflects an attractive 8.70% cape rate on in-place income
Absolute NNN Lease – This is an absolute NNN lease which provides a landlord with zero responsibilities offering a passive income structure.
Attractive Demographics – The average household income within the 3-mile radius is $100k+ which benefits an investor by owning a property
Below Replacement Cost – Opportunity to acquire a casual dining restaurant at a price below the current replacement cost.
High Density Retail Corridor – Dense retail corridor surrounded by various national tenants, including but not limited to Subway, KFC, McDonald’s
Direct Access to Hwy 169 – The subject property is in close proximity to Highway 169 which has an average daily vehicle count of ±13,100.
Cap Rate: 8.70 %

Major Tenants

Tenant SF Occupied Lease End Date
Applebee's
Nathan Fitzgibbons 425-274-6696 Matthews Real Estate Investment Services
Nathan Fitzgibbons 425-274-6696 Matthews Real Estate Investment Services