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    1533 W 23Rd St Lawrence, KS 66046

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    For Sale
    $2,943,704

    Single-tenant 151 Coffee absolute NNN asset for sale.

    Property size:
    2,845 SF
    Lot size:
    0.59 Acres

    Property Features for 1533 W 23Rd St

    General Information

    Size
    2,845 SF
    Lot size
    0.59 Acres

    Source: Sands Investment Group (SIG) | Austin Agent Michael Gonzalez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lawrence, Kansas Coffee Shop Investment

    This single-tenant property, located at 1533 W 23rd Street in Lawrence, Kansas, is fully leased to 151 Coffee. The property offers a long-term absolute NNN lease, providing passive income with zero landlord responsibilities. 151 Coffee is a rapidly expanding drive-thru coffee brand. The property is situated in Kansas’s largest college town.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, Dutch Bros Coffee, Presotea Lawrence, Scooter's Coffee, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Douglas
    State
    Kansas
    Longitude
    -95.2545175
    Latitude
    38.9424269

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    FAQs

    What type of property is this?
    Coffee shop - Single-tenant 151 Coffee absolute NNN asset for sale.
    Where is this coffee shop located?
    The property is located at 1533 W 23Rd St Lawrence, KS.
    What is the asking price?
    The asking price for this property is $2,943,704.
    What are key features of this property?
    This property features: - Absolute NNN Lease: Enjoy true passive income with zero landlord responsibilities.; - Long-Term Lease Structure: Offers stability with a growing national tenant.; - Rapidly Expanding Tenant: 151 Coffee is a high-growth drive-thru coffee brand.
    (844) 474-4666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1533 W 23Rd St Lawrence, KS 66046
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