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658 W 23rd St
Lawrence, KS 66046
KFC – LAWRENCE, KS · Retail Property For Sale
Investment Highlights
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system)
- TRAFFIC COUNTS: Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD!
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states.
- SEASONED LOCATION: Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 100,388 | Average Household Income (1MI): $94,487
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,008 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.56 AC
Zoning
C
Frontage
138’ on 23rd St
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 111-01-0-40-21-010.00-0 01 | Improvements Assessment | $152,758 |
| Land Assessment | $159,618 | Total Assessment | $312,376 |
Property Taxes
Parcel Number
111-01-0-40-21-010.00-0 01
Land Assessment
$159,618
Improvements Assessment
$152,758
Total Assessment
$312,376
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