Corner Goodwill
For Sale
$1,457,000
104 S Broadway St, Leavenworth, KS 66048
Established retail occupancy at a signalized intersection with a lease extending beyond six years.
Property Size11,500 SF
Days on Market49
Property Features for 104 S Broadway St
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Building Size
11,500 SF
Year Built
1950
Tenancy
Single
Listing Agency:
CP Partners
Listed By:
John Andreini · License #CalDRE #01440360
(415) 274-2715
Source:
Cppcre
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 14 at 8:51PM
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 CP Partners
Investment Insights
Based on property information with market context.
This storefront property, built in 1950, is occupied by Goodwill, whose operations at the location date to 2003. The existing lease has more than 6 years remaining in its base term and includes a 4.3% rental increase effective 4/1/2029. No renewal options remain under the lease, leaving the property positioned for a future re-leasing decision after the current term.
The building occupies the signalized hard corner of S Broadway Street and Shawnee Street in Leavenworth. It is the only Goodwill location within a 15-mile radius, providing a defined trade-area position for the existing retail operation. The property is offered for sale with an established tenant and documented operating history.
The building occupies the signalized hard corner of S Broadway Street and Shawnee Street in Leavenworth. It is the only Goodwill location within a 15-mile radius, providing a defined trade-area position for the existing retail operation. The property is offered for sale with an established tenant and documented operating history.
Key Highlights
- Goodwill has operated at the property since 2003
- More than 6 years remain in the base lease term
- Lease includes a 4.3% rental increase effective 4/1/2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,167
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,223,340
$2.2M
Cap Rate 7%
$1,588,100
$1.6M
Cap Rate 9%
$1,235,189
$1.2M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$165.6K $14.40/SF
− Vacancy
−$6.8K −$0.59/SF
EGI
$158.8K $13.81/SF
− OpEx
−$47.6K −$4.14/SF
NOI
$111.2K $9.67/SF
Area
Leavenworth County, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,223,340
Cap Rate 7%
$1,588,100
Cap Rate 9%
$1,235,189
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,167 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$2.26M
$1.98M – $2.64M
NOI $158,355 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Apparel 30%
Hotels & Casinos 5%
Shell
Shops & Services
5,879 visits/mo
0.4 miles
Goodwill
Apparel
5,475 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,595 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,400 visits/mo
0.2 miles
Hampton Inn By Hilton Leavenworth
Hotels & Casinos
946 visits/mo
0.5 miles
Demographics for 66048, KS
36,628
Population
15,237
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
92%
High-School Grad
135.5 sq mi
ZIP Area
270
Density / Sq Mi
$71,520
Median Household Income
$40,702
Median Earnings
$954
Median Rent
$203,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - Established retail occupancy at a signalized intersection with a lease extending beyond six years.
Where is this storefront property located?
The property is located at 104 S Broadway St Leavenworth, KS.
What is the asking price?
The asking price for this property is $1,457,000.
What are key features of this property?
This property features: Goodwill has operated at the property since 2003; More than 6 years remain in the base lease term; Lease includes a 4.3% rental increase effective 4/1/2029
