407 McCall Rd | Manhattan, KS 66502
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- LoopNet Team
407 McCall Rd
Manhattan, KS 66502
Scooter's Coffee | 6.5% CAP | Absolute NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NNN GROUND LEASE – Absolute NNN lease requires no landlord responsibilities and management headaches, ideal for an out-of-area investor.
- PERSONAL GUARANTEE – Personal guarantee from LLC that consists of 5 individuals.
- INCREDIBLE LOCATION – The property is located amongst many major retailers including Walmart, McDonald's, Chick-Fil-A and Kansas State University.
- HIGH TRAFFIC AREA – The subject property is situated on a large lot and has excellent visibility seeing 16,000+ VPD.
- RENTAL INCREASES – There are 10% rental increases every 5 years, providing a hedge against inflation & four 5-year options to extend.
- MARKET DOMINANT COFFEE CHAIN – Scooter’s Coffee has been in business for more than 20 years and operates 800+ locations across 30 states.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
561 SF
Building Class
B
Year Built
2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.34 AC
Zoning
C - Commercial
PROPERTY TAXES
| Parcel Number | 313-08-0-30-03-007.02-0 | Improvements Assessment | $73,580 |
| Land Assessment | $42,328 | Total Assessment | $115,908 |
PROPERTY TAXES
Parcel Number
313-08-0-30-03-007.02-0
Land Assessment
$42,328
Improvements Assessment
$73,580
Total Assessment
$115,908
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