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Investment Highlights

  • Long-Term Sale Leaseback
  • Zero Landlord Responsibilities
  • Strong Operator
  • Attractive Rent Increases
  • Strong Store Sales
  • Strategic Retail Location

Executive Summary

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Subway investment property located at 1511 Lincoln Street in Concordia, Kansas (the “Property”). The Property consists of a single-story, 1,914 square-foot building with a drive-thru on 0.42 acres. Subway will sign a new 15-year Absolute NNN Lease with three (3), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option. Subway occupies a highly visible location along Lincoln Street (US Highway 81), one of Concordia’s primary commercial and commuter corridors. Positioned within the city’s main retail corridor, the Property is surrounded by several traffic- generating national and regional retailers, including Walmart Supercenter, Dollar Tree, Dollar General, and O’Reilly Auto Parts. The site benefits from close proximity to Concordia’s residential neighborhoods, area schools, and North Central Kansas Medical Center, providing a reliable local customer base. The Property also offers strong exposure along US Highway 81 and convenient access to the nearby junction with KS Route 9, enhancing regional connectivity. Additional nearby demand drivers, including Blosser Municipal Airport and Cloud County Community College, contribute to steady activity in the surrounding area and further support the Property’s strategic location within the Concordia market.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,914 SF
Year Built
1993
Price
$514,285
Price Per SF
$268.70
Cap Rate
7%
NOI
$36,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.42 AC
Opportunity Zone
Yes
Frontage
132’ on Lincoln St

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Subway began in 1965 when Fred DeLuca opened Pete's Super Submarines in Bridgeport, Connecticut with financing help from Peter Buck. The company pioneered the fast-casual restaurant model focused on customizable submarine sandwiches. After expanding through franchising since 1974, it now maintains dual headquarters in Connecticut and Florida while operating thousands of locations worldwide. The menu features made-to-order subs, wraps, salads and baked goods with fresh ingredients. Though now a global brand, its Connecticut roots remain central to the company's identity.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -

Nearby Major Retailers

Scooter's Coffee
CrossFit
Jazzercise

Property Taxes

Property Taxes

Parcel Number
082-04-0-10-25-004.00-0
Land Assessment
$29,818
Improvements Assessment
$27,235
Total Assessment
$57,053
  • Listing ID: 39818673

  • Date on Market: 3/18/2026

  • Last Updated:

  • Address: 1511 Lincoln St, Concordia, KS 66901

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