Building Details

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Horvath & Tremblay

Listed By: Jack Collins · License #475.204707

Source: Crexi

Added: Sep 17 Changed: Sep 24 Last Checked: Sep 24 at 2:32PM

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Investment Insights

Based on property information with market context.

The single-story restaurant contains 1,472 square feet on a 0.55-acre parcel. At closing, Subway is expected to enter a new 15-year absolute NNN lease, with three five-year renewal options. Rent increases by 10% every five years during the initial term and at the beginning of each option period.

The property is at 605 W Crawford Street in Clay Center, along US Highway 24. US Highway 24 and KS Highway 15 provide regional connections. Nearby businesses include Dollar General, Ray's Apple Market and AGI - Hutchinson Mayrath. Clay County Medical Center and USD 379 Clay County Community Schools are also identified as local employers and economic drivers.

Key Highlights

• Subway is expected to sign a new 15‑year absolute NNN lease at closing
• Three 5‑year renewal options
• 1,472‑square‑foot, single‑story restaurant on 0.55 acres

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Dental Office Electrical Service Furniture & Home Goods Garden Center Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

360

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 67432, KS

5,796

Population

2,741

Households

2.1

Avg Household Size

45

Median Age

25%

College-Educated

93%

High-School Grad

361.0 sq mi

ZIP Area

16

Density / Sq Mi

$65,072

Median Household Income

$39,243

Median Earnings

$949

Median Rent

$146,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - A new 15-year absolute NNN lease is planned at closing, with three five-year renewal options.

Where is this conventional restaurant located?

The property is located at 605 W Crawford Street Clay Center, KS.

What is the asking price?

The asking price for this property is $570,000.

What are key features of this property?

This property features: Subway is expected to sign a new 15‑year absolute NNN lease at closing; Three 5‑year renewal options; 1,472‑square‑foot, single‑story restaurant on 0.55 acres