

3220 Iowa St, Lawrence, KS - Investment Opportunity
Prime location in Lawerence Kansas with national tenant.
Marketing description
**FOR SALE: 3220 Iowa St, Lawrence, KS - Investment Opportunity** Discover a lucrative investment opportunity with this thriving 5,200 SF retail building located at **3220 Iowa St, Lawrence, KS 66046**. Priced at $3,250,000, this property features a NNN Lease with a national tenant, offering a NOI of $183,600 and a 5.65% Cap Rate. With 5 years remaining on the current lease and an option to renew, this prime location in Lawrence, Kansas - just 1.2 miles south of the University of Kansas - boasts high visibility with a traffic count of 17,800 on Iowa St (2024) and a daytime population of 2,000 – 3,500 within a 1/4 mile radius. Situated in close proximity to major retail chains such as Wal-Mart, Hobby Lobby, Target, and Kohl's, this property presents a strong income-generating opportunity in a vibrant market. Don't miss out on this attractive investment in Lawrence, KS!
Investment highlights
5,200 SF retail building
NNN Lease in place with national tenant
5 years remain on lease with option to renew
Prime location in Lawrence, Kansas
Just 1.2 miles south of the University of Kansas
Close proximity to major retail chains: Wal-Mart, Hobby Lobby, Target, and Kohl's
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