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Mattress Firm 3220 Iowa St 5,200 SF Retail Building Lawrence, KS 66046 $3,250,000 ($625/SF) 6.26% Cap Rate
INVESTMENT HIGHLIGHTS
- 5,200 SF retail building
- 5 years remain on lease with option to renew
- Just 1.2 miles south of the University of Kansas
- NNN Lease in place with national tenant
- Prime location in Lawrence, Kansas
- Close proximity to major retail chains: Wal-Mart, Hobby Lobby, Target, and Kohl's
EXECUTIVE SUMMARY
Discover a prime investment opportunity at 3220 Iowa St in Lawrence, KS. This impressive 5,200 SF building, constructed in 1995, offers an ideal space for prospective office building investors. Zoned CS, the property presents a versatile opportunity within the vibrant Lawrence area. With its well-maintained and modern construction, this property is perfectly positioned to meet the needs of commercial investors seeking a valuable and dynamic asset. Take advantage of this exceptional offering, strategically located for success in the thriving Lawrence market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,200 SF
Building Class
B
Year Built
1995
Price
$3,250,000
Price Per SF
$625
Cap Rate
6.26%
NOI
$203,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.54 AC
Zoning
CS - Commercial Service
Parking
25 Spaces (4.81 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 023-116-13-0-20-01-010.00-0 | Improvements Assessment | $317,530 |
| Land Assessment | $155,320 | Total Assessment | $472,850 |
PROPERTY TAXES
Parcel Number
023-116-13-0-20-01-010.00-0
Land Assessment
$155,320
Improvements Assessment
$317,530
Total Assessment
$472,850
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Mattress Firm | 3220 Iowa St
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