Log In/Sign Up
Your email has been sent.
Verizon 4651 Bauer Farm Dr 2,400 SF Retail Building Lawrence, KS 66049 $1,690,000 ($704.17/SF) 7.50% Cap Rate
Investment Highlights
- 3+ years remaining in the base term with three, 5-year extension options
- 2019 build-to-suit construction with 15-year roof warranty in place (~10 years remaining)
- Affluent submarket – $115,000 average household incomes within a 1-mile radius of the subject property
- 10% rental increases at start of each option providing a hedge against inflation
- Standalone visibility on W 6th Street – 23,000 VPD
- Home to University of Kansas – 30,700 students
Executive Summary
Long-term lease to the largest authorized Verizon retailer in the U.S. with 3+ years remaining in the base term and three, 5-year options to extend at 10% rental increases. Subject property is located in Lawrence – a densely populated college town home to the University of Kansas (30,770 students).
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
B
Year Built
2018
Price
$1,690,000
Price Per SF
$704.17
Cap Rate
7.50%
NOI
$126,720
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.79 AC
Parking
15 Spaces (6.25 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 068-28-0-40-08-002.01-0 | Improvements Assessment | $224,423 |
| Land Assessment | $145,678 | Total Assessment | $370,101 |
Property Taxes
Parcel Number
068-28-0-40-08-002.01-0
Land Assessment
$145,678
Improvements Assessment
$224,423
Total Assessment
$370,101
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Verizon | 4651 Bauer Farm Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.