Property summary
This exceptional investment opportunity presents a free-standing retail building situated at 2334 S Princeton Street in Ottawa, Kansas. Boasting a highly desirable location on Princeton Street, the property benefits from exceptional visibility and convenient access to major thoroughfares, including Interstate 35 and Route 59. The 0.5-acre lot is situated within a thriving retail corridor, surrounded by a mix of established businesses, including big-box retailers, fast-food restaurants, and hotels, ensuring high traffic volume and strong consumer presence. The building is currently leased to a national tax preparation company under a long-term, absolute triple-net (NNN) lease, minimizing landlord responsibilities and maximizing passive income potential. This NNN lease structure shifts responsibility for property taxes, insurance, and maintenance to the tenant, providing a predictable and low-maintenance investment. The tenant's established national presence and long-term lease commitment offer significant stability and security for investors. This turnkey investment is ideal for those seeking a low-management, high-return opportunity in a prime retail location. The asking price is $450,000. Further details are available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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Tax Preparation
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Ottawa, KSZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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