This Retail Property is Off-Market.

3402 Vine Street
Hays, KS 67601 ·

4,661 SF · Retail For Sale

N/A

Print

Village Inn

Price N/A Commission Split 2.5%
Building Size 4,661 SF No. Stories 1
Property Type Retail Year Built 1990
Property Sub-type Restaurant Lot Size 0.85 AC
Property Use Type Vacant/Owner-User
Listing ID: 15053387 Date Created: 03/20/2007 Last Updated: 08/07/2007

Description

The subject property is an excellent opportunity for an owner-operator to own a strong sit-down restaurant location. With close to five thousand rentable square feet, and over 90 person seating capacity, the property is ideal for a new restaurant to thrive at this location. This location was a 2005 Top 5 sales award winner for all of Village Inn properties nationwide and generated almost $1.3 million sales in 2005. An operator could open their own concept and obtain new financing to acquire the property. In addition, standard restaurant equipment will be included in the sale - including stoves, ovens, refrigerators, and more - further increasing the ability for an operator to be fully operational in a short period.

The offering is also an excellent opportunity for a savvy investor to capture an excellent return through leasing up the property to a new tenant at market rates. Delivered vacant at the close of escrow, the property could be leased to a new tenant at market levels to potentially earn a 9% cap rate return at the listed price.

The subject property is ideally located on a corner lot with in 2 blocks from the major intersection of Interstate 70 and Highway 183. Vine Street is Hay' s main retail corridor. The restaurant benefits from strong vehicular and retail customer traffic. The property is adjacent to Motel 6 and Long John Silver' s. Additionally, this NNN investment site is located within ¼ of a mile from national retailers which include: ACE Hardware, Applebee' s, Harley Davidson, McDonald' s, Comfort Inn and a brand new Wal-Mart Supercenter. THIS PROPERTY IS BEING SOLD AS PART OF A PORTFOLIO OF (5) VILLAGE INN PROPERTIES THROUGHOUT KANSAS (2) & NEBRASKA (3). ALL ARE TO BE DELIVERED VACANT AT COE. SELLER MUST SELL A MINIMUM OF ANY COMBINATION OF AT LEAST 3 UNITS.

Highlights

  • Excellent Owner User Opportunity
  • All Standard Restaurant Equipment Included In Sale
  • Proven Restaurant Location
  • Excellent Size and Seating Capacity
  • Priced Below Replacement Cost
  • Within 2 Blocks from Hwy 183 and I-70

Research

3402 Vine Street, Hays, KS 67601 (Ellis County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Hays Market Trends - Asking price index trends, sale price trends, asking rent trends

Shawn Bakke's Other Listings

  • 1700 Bell Lane
    1700 Bell Lane

    Atwater, CA 95301

    For Sale · $7,662,416

    20,288 SF Building

    Free Standing Bldg

  • 1810 S Story Street
    1810 S Story Street

    Boone, IA 50036

    For Sale · $691,200

    2,868 SF Building

    Restaurant

  • 10 Plaza Drive
    10 Plaza Drive

    Clear Lake, IA 50428

    For Sale · $1,248,000

    2,776 SF Building

    Restaurant

  • 1100 E 2nd Street
    1100 E 2nd Street

    Edmond, KS 73034

    For Sale · $5,887,029

    9,597 SF Building

    Restaurant

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)