1203 N 2nd Ave 14,724 SF Retail Building Mulvane, KS 67110 $1,050,000 ($71.31/SF) 6.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Dillons Food Store (Division of Kroger)
- Dillons is no longer required to report sales but was doing approximately $6,300,000 ($429 PSF) in 2013
- Dillons replaced the roof, repaved the parking lot, and made significant modifications to the wiring system in the last few years
EXECUTIVE SUMMARY
Absolute Net Dillons Food Store (Division of Kroger). Dillons replaced the roof, repaved the parking lot, and made significant modifications to the wiring system in the last few years. Dillons is no longer required to report sales but was doing approximately $6,300,000 ($429 PSF) in 2013
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,724 SF
Building Class
C
Year Built
1968
Price
$1,050,000
Price Per SF
$71.31
Cap Rate
6.87%
NOI
$72,120
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.67 AC
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,700 SF
- -
- Triple Net
- Jun 2024
Dillons offers thousands of quality food and household products from your favorite brands and companies. From fresh produce, meats and seafood to dairy, home goods and pharmaceutical needs, Dillons is your one stop for savings. Be sure to check for special value from Dillons own “Dillons” store brand of goods, as well as their higher-end Private Selection brand.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,700 SF | - | Triple Net | Jun 2024 |
PROPERTY TAXES
| Parcel Number | 239-31-0-11-02-001.00 | Improvements Assessment | $109,525 |
| Land Assessment | $28,350 | Total Assessment | $137,875 |
