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4651 Bauer Farm Dr
Lawrence, KS 66049
Verizon Wireless · Land For Sale
·
0.56 AC
Property Facts
| Property Type | Land | Proposed Use | Retail |
| Property Subtype | Commercial | Total Lot Size | 0.56 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.56 AC |
Description
The offering provides the opportunity to acquire a brand new build-to-suit Verizon Wireless store, located in Lawrence, KS. The Property is newly constructed and features a 10 year lease, with 10% rental increases every 5 years during the initial term and all three 5-year options. The subject property is operated by The Cellular Connection (TCC), the largest authorized Verizon retailer in the U.S. with 884 locations across the country. Landlord benefits from limited expense and management responsibilities (roof, structure, parking and landscaping) making this a passive investment. The location features an attractive lineup of neighboring retailers, including: Walmart Supercenter, Sprouts, Dillon’s, Starbucks, and HyVee. The subject property is located directly on U.S. Route 40, a busy east-west highway known as “the main street of America” and benefits from strong traffic counts of 22,000 VPD. The Property is surrounded by a dense amount of retail and residential, including multiple housing subdivisions and numerous national retailers. The subject property is 3 miles northwest of the University of Kansas, the state’s largest college in Kansas with over 28,500 students enrolled.
