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25018810
25018811

3220 Iowa St, Lawrence, KS 66046

KS
OK #182589
Fleske Commercial Group
Listed by Fleske Commercial Group
$3,250,000
320 days on market
Updated 40 days ago

3220 Iowa St, Lawrence, KS - Investment Opportunity

Details
Property Type Retail
Sub Type Freestanding, Street Retail
Square Footage 5,200
Cap Rate 5.65%
Occupancy 100%
Tenancy Single
Brand/Tenant Mattress Firm
Lease Type NNN
Remaining Term 5
Class B
Year Built 1995
Lot Size (SqFt) 23,531
Zoning CS

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

Listing Contacts

KS
OK #182589
Fleske Commercial Group
Listed by Fleske Commercial Group

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