Beef-A-Roo 3002 Anderson Ave 2,594 SF Retail Building Manhattan, KS 66503 $2,900,000 ($1,117.96/SF) 9.49% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Beef-A-Roo investment property located at 3002 Anderson Avenue in Manhattan, Kansas (“the Property”). Beef-A-Roo is operating under a brand-new, 20-year Absolute NNN Lease that commenced in 2023. Currently there are 17+ years of term remaining followed by four (4), 5-year renewal options. The lease calls for attractive 2% annual rent increases throughout the base term and the renewal options. Beef-A-Roo is well located along Anderson Avenue, one of the primary commercial corridors in Manhattan. The immediate area is home to shopping centers with a number of national retailers, notably the West Loop Shopping Center anchored by Dillon’s. The Property features excellent frontage and visibility along Anderson Avenue and is additionally visible from Kansas Route 113; the site is the first property off the Route 113 exit. Beef-A-Roo is less than two miles from Kansas State University’s main campus, which has a total student enrollment of over 20,000, and 3.5 miles from Manhattan Town Center, the city’s flagship shopping mall with over 350,000 square feet of retail floor area.