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Goodwill 104 S Broadway St 11,500 SF Retail Building Leavenworth, KS 66048 $1,561,000 ($135.74/SF) 7% Cap Rate
Investment Highlights
- Over 6 years remaining in the base term that features a 4.3% rental increase on 4/1/2029
- No remaining options presenting a re-lease scenario at or above market rental rates
- Tenant has been at the location since 2003, demonstrating consistent performance and dedication to the market
- Below market rent ($9.50/SF) and low price per foot ($135.74)
- Located at the signalized hard corner intersection of S Broadway Street and Shawnee Street
- Only Goodwill location within a 15-mile radius
Executive Summary
Over 6 years remaining in the base term of the lease, which features a rental increase in 2029 and no remaining options, providing upside potential in a re-lease scenario at market rental rates. The tenant has operated at this location for nearly 23 years and is the only Goodwill location within a 15-mile radius, demonstrating consistent performance and dedication to the market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,500 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$1,561,000
Price Per SF
$135.74
Cap Rate
7%
NOI
$109,272
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.17
Lot Size
1.57 AC
Frontage
132’ on S Broadway St
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 077-35-0-10-01-001.00-0 | Improvements Assessment | $74,010 |
| Land Assessment | $10,740 | Total Assessment | $84,750 |
Property Taxes
Parcel Number
077-35-0-10-01-001.00-0
Land Assessment
$10,740
Improvements Assessment
$74,010
Total Assessment
$84,750
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