Listed by Kansas Commercial Real Estate Services Inc
$790,000
610-612 Fort Riley Blvd
Details
Property Type Office, Retail
Sub Type Shopping Center, Storefront
Square Footage 4,760
Units 2
Cap Rate 7.00%
NOI $61,188
Occupancy 100%
Tenancy Multi
Year Built 2004
Zoning ICS
Investment Property - Two Fully Leased Strip Center Suites
Marketing description
PRICE REDUCED!
Two retail/office suites on the east end of an active strip center along the Fort Riley Blvd retail corridor.
Fully leased, income-generating property
Excellent location on Fort Riley Blvd/K-18 with quick highway access
Located near downtown Manhattan, Kansas State University, hotels, restaurants, and shopping areas
Large regional trade area serving a three-county population of 130,000+ people.
Investment highlights
610 Fort Riley Blvd
Absolute net lease to Advance America since 2005. One option to renew beginning July 1, 2028 with an increase in base rent
612 Fort Riley Blvd
Leased to Beto’s Meat Market since 2022. Modified gross lease. Options to extend this lease, find a replacement tenant, or use as an owner occupied suite.
Listing Contacts
Listed by Kansas Commercial Real Estate Services Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$61,188.00
$5,099.00/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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Property History
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