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Slim Chickens 8700 Long St 2,992 SF Retail Building Lenexa, KS 66215 $3,100,000 ($1,036.10/SF) 7% Cap Rate
Investment Highlights
- Long-Term Triple Net (NNN) Lease
- High-Traffic Corridor
- Drive-Thru Equipped This Slim Chickens location includes a drive-thru, an essential feature in today’s quick-service restaurant market
Executive Summary
Surmount is pleased to present the exclusive listing for a Slim Chickens located at 8700 Long Street, Lenexa, KS 66215. The site consists of roughly 2,992 rentable square feet of building space on an estimated 0.97-acre parcel of land. This Slim Chickens is subject to a 20-year Triple Net (NNN) lease, which commenced 10/17/2017. The current annual rent is $217,096 and has scheduled increases of 1.00% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,992 SF
Building Class
B
Year Built
2017
Price
$3,100,000
Price Per SF
$1,036.10
Cap Rate
7%
NOI
$217,096
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
CP2
Nearby Major Retailers
Property Taxes
| Parcel Number | IF241234-3072 | Improvements Assessment | $336,355 |
| Land Assessment | $139,645 | Total Assessment | $476,000 |
Property Taxes
Parcel Number
IF241234-3072
Land Assessment
$139,645
Improvements Assessment
$336,355
Total Assessment
$476,000
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Slim Chickens | 8700 Long St
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