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658 W 23rd St
Lawrence, KS 66046 Centennial

$1,712,000 USD

Fast Food For Sale  •  2,592 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,008 SF
  • Lot Size 0.55 AC
  • Building Class B
  • Year Built 1998
  • Cap Rate 5.50 %
  • Tenancy Single
  • Zoning C
0 Transit Score
81 Walk Score

Highlights

LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations
OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states.
Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system)
SEASONED LOCATION: Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
TRAFFIC COUNTS: Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD!
2025 DEMOGRAPHICS: Total Population (5MI): 100,388 | Average Household Income (1MI): $94,487

Property Flyers

Cap Rate: 5.50 %

Major Tenants

Tenant SF Occupied Lease End Date
KFC

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Lawrence Amtrak Station (Southwest Chief - Amtrak) 6 min - 2.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC