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- LoopNet Team
1618 W 23rd St
Lawrence, KS 66046
Pancho's Mexican Restaurant · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
- Drive Thru
ABOUT 1618 W 23RD ST , LAWRENCE, KS 66046
Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 1618 W. 23rd Street, Lawrence, KS 66046 (the “Property”), a single tenant ±2,055 square foot free standing building. The Property is fully occupied by Pancho’s, a regional Mexican restaurant, operating under an absolute triple-net lease with 12% rental increases every 5 years. Importantly, the Property features a drive-thru that helps serve customers on the move. The Property is well-positioned in Lawrence’s 23rd Street retail corridor. 23rd Street sees over 35,000 vehicles per day and because of this is one of Lawrence’s premier retail corridors. Pancho’s Mexican Restaurant is joined on 23rd Street with national retailers such as Starbucks, Harbor Freight, Sprint, CVS and other national retailers. Within a five-mile radius, demographics include average household income of $75,000+ and the population Kansas Broker of Record: Adam Blue Area Real Estate Advisors License Number: 00234104
PROPERTY TAXES
| Parcel Number | 023-111-01-0-30-15-021.00-0 | Improvements Assessment | $160,273 |
| Land Assessment | $115,653 | Total Assessment | $275,926 |
PROPERTY TAXES
