1400 W Amity St
Louisburg, KS 66053
Retail Property For Sale

SUBMIT OFFERS- Price Chopper- NNN- Strong Sales SUBMIT ALL OFFERS! ABSOLUTE NNN! STRONG SALES! We are pleased to offer a proven single tenant retail asset that is 100% leased to Price Chopper on an absolute NNN, fee simple (land and building) lease. Comprised of 38,516 square feet along West Amity street in Louisburg, KS, the lease has approx 11 years remaining on an original 20 year primary term that includes 4 -5 year option periods. The lease provides for fixed rental increases during the primary and option periods, providing inflation protection to a new owner. The next rental increases will take place on January 1, 2017, further providing an investor with a near term rent increase. Situated just east of the US Highway 69 and Kansas Highway 68, the property is just 15 minutes south of Overland Park' s dynamic 151st Street commercial corridor and just 7 minutes from the Johnson County line (Johnson County is the 38th wealthiest county in the United States). STRONG DEMOS! Price Chopper is part of the Associated Wholesale Grocer (AWG) cooperative of grocers operating in 13 states with more than 1,000 stores locations and $7.7B in annual revenues. The Louisburg Price Chopper is the only grocery store located within a three-mile radius. The concept includes a pharmacy and drug component, service meat, seafood and poultry departments, salad bars, full-service bakery and a deli / home meal replacement department - typically, Price Choppers anchor major retail shopping developments. This is a unique opportunity to purchase a highly stable, passive single tenant retail investment on an absolute NNN lease (zero landlord obligations) with approximately 11 years remaining, fixed rental increases and strong site fundamentals that will continue to improve over the life of the lease.