Former Applebee's
1.24 Acre Lot | Dense Retail Corridor
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581| [email protected].
Vacant Applebee’s at 1301 Kansas Dr, Paola, KS 66071 presents a compelling value-add retail opportunity in one of Paola’s most active commercial corridors. This freestanding former restaurant features approximately 3,642 SF on a sizable 1.24-acre parcel with roughly 300 feet of frontage, excellent visibility, and direct access near Highway 169, where traffic counts reach approximately 13,000 vehicles per day. Positioned adjacent to Walmart Supercenter and surrounded by a strong lineup of national retailers and quick-service brands including McDonald’s, KFC, Arby’s, Sonic, Burger King, Subway, Pizza Hut, and Scooter’s Coffee, the property benefits from consistent consumer traffic and strong retail synergy. Located near Paola High School and other area schools, the site also draws from a built-in daytime population. The surrounding area offers attractive demographics, with average household income exceeding $100,000 within a 3-mile radius. Built in 2004 and offering approximately 80 parking spaces, this site is well suited for an owner-user, investor, or redevelopment buyer seeking a below-replacement-cost opportunity in the growing Kansas City MSA!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1301 Kansas Dr, Paola, KS 66071
Investment highlights
- Attractive Demographics - The average household income within the 3-mile radius is $100k+ which benefits an investor by owning a property in an area where local consumers have high spending power.
- Below Replacement Cost - Opportunity to acquire a casual dining restaurant at a price below the current replacement cost. This benefits an investor by providing a lower barrier to entry for operations, stronger long-term cash flow potential, and reduced risk.
- High Density Retail Corridor - Dense retail corridor surrounded by various national tenants, including but not limited to Subway, KFC, McDonald's, Arby's, Pizza Hut, Sonic Drive-In, Burger King, Scooter's Coffee, and a Walmart Supercenter.
- Direct Access to Hwy 169 - The subject property is in close proximity to Highway 169 which has an average daily vehicle count of ±13,100. This, coupled with the Applebee's located next to the Walmart Supercenter, increases the probability of more customers driving to the location.
- Paola High School - The subject property is located right outside of Paola High School which has enrollment numbers of over 500 students. The high school has a significant impact to the immediate economy through job creation, attracting new businesses to the area, and its importance to bringing traffic to the Applebee's property.
- Large Lot Size: The property sits on a substantial 1.24-acre lot with an extensive 300 feet of road frontage, offering excellent visibility and accessibility. This benefits an investor as it adds to the properties ability to be redeveloped or re-tenanted.
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