Two-Building NNN
New
For Sale
$2,100,000
1008 Limey Place, Manhattan, KS 66502
Two freestanding buildings occupied by 7 Brew and Pizza Hut under separate absolute NNN ground leases.
Property Size1,710 SF
Lot Size1.70 Acres
Days on Market1
Property Features for 1008 Limey Place
General Information
Standard status
Active
Size
1,710 SF
Lot size
1.70 Acres
Property subtype
Retail - Restaurant
Building Details
Building Size
1,710 SF
Listing Agency:
Fortis Net Lease
Listed By:
Marvin Delaura · License #01859235
Source:
Commercialcafe
Added: Sep 21
Last Checked: Sep 21 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This approximately 1.7-acre commercial property includes separate buildings occupied by 7 Brew and Pizza Hut. The improvements are held on one parcel and are subject to separate absolute NNN ground leases, with both properties required to be purchased together. The Pizza Hut building was constructed in 2023.
The 7 Brew lease is structured as a new 15-year absolute NNN ground lease, while the Pizza Hut lease is in its third year of a 15-year absolute NNN term. Both leases provide for 8.0% increases every 5 years, with those increases continuing through the available option periods. The 7 Brew lease includes four 5-year options, and the Pizza Hut lease includes three 5-year options.
The property is located at 1008 Limey Place in Manhattan, Kansas, directly across from a Walmart identified in the property information as the most visited Walmart in Kansas. The two buildings may potentially be separated in the future, subject to the owner's plans and applicable requirements.
The 7 Brew lease is structured as a new 15-year absolute NNN ground lease, while the Pizza Hut lease is in its third year of a 15-year absolute NNN term. Both leases provide for 8.0% increases every 5 years, with those increases continuing through the available option periods. The 7 Brew lease includes four 5-year options, and the Pizza Hut lease includes three 5-year options.
The property is located at 1008 Limey Place in Manhattan, Kansas, directly across from a Walmart identified in the property information as the most visited Walmart in Kansas. The two buildings may potentially be separated in the future, subject to the owner's plans and applicable requirements.
Key Highlights
- Approximately 1.7 acres with two separate buildings
- 7 Brew and Pizza Hut occupy separate buildings under separate leases
- Absolute NNN ground lease structure
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 66502, KS
44,384
Population
20,700
Households
2.1
Avg Household Size
28
Median Age
46%
College-Educated
95%
High-School Grad
221.7 sq mi
ZIP Area
200
Density / Sq Mi
$52,363
Median Household Income
$22,091
Median Earnings
$953
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Two freestanding buildings occupied by 7 Brew and Pizza Hut under separate absolute NNN ground leases.
Where is this nnn property located?
The property is located at 1008 Limey Place Manhattan, KS.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Approximately 1.7 acres with two separate buildings; 7 Brew and Pizza Hut occupy separate buildings under separate leases; Absolute NNN ground lease structure
