Whataburger Ground
707 W 23RD ST, Lawrence, KS 66046
For Sale
Contact for pricing
The absolute NNN structure assigns all property expenses to the tenant.
Property SizeContact for details
Days on Market23
Property Features for 707 W 23RD ST
General Information
Standard status
Property subtype
Site & Location
Drive-Thru
Traffic Count
Additional Details
Tenant in Place
Listing Agency:
NorthMarq - Newport Beach
Listed By:
Brett Butler · License TX #558227
(949) 662-1277
Source:
Crexi
Added: Oct 19
Changed: Nov 8
Last Checked: Nov 8 at 2:29PM
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 NorthMarq - Newport Beach
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Investment Insights
Based on property information with market context.
The Lawrence property is occupied by Whataburger under an absolute NNN ground lease. Its 15-year initial term includes 10% rent increases every five years, followed by four five-year renewal options, each with the same escalation schedule. The tenant is responsible for all property expenses. The site was developed for a drive-through quick-service restaurant, with potential for use by other QSR concepts.
At 707 W 23rd Street, the property is positioned at the signal-controlled junction of 23rd Street and Louisiana Street. W 23rd Street carries 19,700 vehicles per day. The site is near the University of Kansas main campus and Haskell Indian Nations University, with Dillons, Natural Grocers, Walmart Supercenter, Target, Hy-Vee and ALDI among nearby retailers. Kansas City is approximately 40 minutes to the east.
At 707 W 23rd Street, the property is positioned at the signal-controlled junction of 23rd Street and Louisiana Street. W 23rd Street carries 19,700 vehicles per day. The site is near the University of Kansas main campus and Haskell Indian Nations University, with Dillons, Natural Grocers, Walmart Supercenter, Target, Hy-Vee and ALDI among nearby retailers. Kansas City is approximately 40 minutes to the east.
Key Highlights
- Absolute NNN ground lease with tenant responsible for all property expenses
- 15‑year initial term with 10% increases every five years
- Four five‑year renewal options, each with 10% rent increases every five years
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
19,700 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
200k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Groceries 21%
Home Improvements & Furnishings 6%
Shops & Services 5%
Dillons
Groceries
36,170 visits/mo
0.2 miles
McDonald's
Dining
33,254 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
20,371 visits/mo
0.4 miles
Taco Bell
Dining
19,256 visits/mo
0.4 miles
Panera Bread
Dining
16,244 visits/mo
0.1 miles
Demographics for 66046, KS
19,903
Population
9,452
Households
2.1
Avg Household Size
31
Median Age
46%
College-Educated
96%
High-School Grad
40.8 sq mi
ZIP Area
488
Density / Sq Mi
$58,798
Median Household Income
$31,546
Median Earnings
$937
Median Rent
$217,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - The absolute NNN structure assigns all property expenses to the tenant.
Where is this nnn property located?
The property is located at 707 W 23RD ST Lawrence, KS.
What is the asking price?
The asking price for this property is $2,762,000.
What are key features of this property?
This property features: Absolute NNN ground lease with tenant responsible for all property expenses; 15‑year initial term with 10% increases every five years; Four five‑year renewal options, each with 10% rent increases every five years
