Property profile

475 Mccall Rd Manhattan, KS 66502

OFF-MARKET
Commercial real estate
Property ID
US33-0113020
0.63 ac lot Built 2023
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,171-square-foot Class A QSR building, located at 475 McCall Road in Manhattan, Kansas, presents a compelling investment opportunity. Situated on a 0.64-acre corner lot, this newly constructed property boasts high visibility, attracting over 12,445 vehicles daily. Its strategic location near major retailers such as Menards, Panda Express, and Xpress Wellness Urgent Care, along with national brands like Walmart, HyVee, and Chick-fil-A, ensures significant foot traffic and brand recognition. The property's proximity to Kansas State University (less than a mile away, with 24,000 students) and several large apartment complexes further enhances its appeal. Currently housing a Tropical Smoothie Cafe franchise, a nationally recognized fast-casual chain with over 1,100 locations, this property offers multiple usage options. It can be operated as an owner-user business, leveraging the established Tropical Smoothie Cafe brand, or sold as an absolute net leased asset, providing a stable income stream. The asking price is $2,300,000, translating to $1,964.13 per square foot. This prime location and versatile property make it an ideal investment for both owner-operators and passive investors seeking a high-return asset in a thriving market. The property's strong location and established tenant make it a rare opportunity in the Manhattan, Kansas market.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2023
Lot 0.63 ac (27,443 SF)
APN 313-08-0-30-03-007.05-0
UPID US33-0113020

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

475 Mccall Rd Manhattan, KS 66502-5001
Manhattan metro Census 102 MANHATTAN, KS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2022
2 recorded transactions
2023
Price N/A
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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