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4925 S 4th St
Leavenworth, KS 66048
Retail Property For Sale


Investment Highlights
- New 15 Year Absolute Net Lease to be executed at close of escrow
- New 2025 Construction (conversion) with all new Roof, Mechanicals, Facade and Parking Lot
- Located by National Brands such as Home Depot, Starbucks, Aldi. Buffalo Wild Wing-s and QuikTrip
- 1.00% Annual Rent Increases
- 22,000 Vehicles per day on 4th Street with average Household Income of $90,825 within 3 mile radius of the Property
Executive Summary
Marcus & Millichap is pleased to present this newly constructed Zaxby’s (March 2025) property located In the retail corridor at 4925 S 4th Street in Leavenworth KS.
The property features a 2,756 square foot building on .91 acres located across from Home Depot on 4th street with 21,999 vehicles per day. National chains surrounding the property include Home Depot, QuikTrip, Starbuck’s, Buffalo Wild Wings and Aldi.
Upon Close of Escrow, the Tenant will execute a new 15 year Triple Net Lease (NNN) with base annual rent of $190,000 with annual rent increases of 1% through the base lease term and the four (4) five year renewal option periods.
The Tenant is a seasoned restaurant operator with 20 years of experience in the quick service restaurant industry and a long record of successful multi-unit performance. They operate a large network of restaurants in another major city and bring the same operational discipline, financial strength, and growth mindset to the Zaxby’s brand.
In the Kansas City market, the group currently owns and operates four Zaxby’s locations. They identified Kansas and Missouri as high potential territories for the brand and focused on selecting strong trade areas, maintaining tight operational standards, and building a sustainable development pipeline. Several additional sites in both states are already under evaluation as part of a continued expansion plan.
With deep QSR experience, proven results across multiple markets, and clear commitment to long term growth, the Tenant represents a stable and attractive occupant for real estate investors.
The property features a 2,756 square foot building on .91 acres located across from Home Depot on 4th street with 21,999 vehicles per day. National chains surrounding the property include Home Depot, QuikTrip, Starbuck’s, Buffalo Wild Wings and Aldi.
Upon Close of Escrow, the Tenant will execute a new 15 year Triple Net Lease (NNN) with base annual rent of $190,000 with annual rent increases of 1% through the base lease term and the four (4) five year renewal option periods.
The Tenant is a seasoned restaurant operator with 20 years of experience in the quick service restaurant industry and a long record of successful multi-unit performance. They operate a large network of restaurants in another major city and bring the same operational discipline, financial strength, and growth mindset to the Zaxby’s brand.
In the Kansas City market, the group currently owns and operates four Zaxby’s locations. They identified Kansas and Missouri as high potential territories for the brand and focused on selecting strong trade areas, maintaining tight operational standards, and building a sustainable development pipeline. Several additional sites in both states are already under evaluation as part of a continued expansion plan.
With deep QSR experience, proven results across multiple markets, and clear commitment to long term growth, the Tenant represents a stable and attractive occupant for real estate investors.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,756 SF
Building Class
B
Year Built/Renovated
1978/2025
Price
$3,166,667
Price Per SF
$1,149.01
Cap Rate
6%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.91 AC
Parking
43 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 094-18-0-20-06-003.00-0 | Improvements Assessment | $98,653 |
| Land Assessment | $136,923 | Total Assessment | $235,576 |
Property Taxes
Parcel Number
094-18-0-20-06-003.00-0
Land Assessment
$136,923
Improvements Assessment
$98,653
Total Assessment
$235,576
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