Leavenworth Investment Property For
1100 N 4th St Leavenworth, KS 66048
For Sale
Contact for pricing
Two-tenant, net-leased property with corporate guarantees in Leavenworth, Kansas.
Property Size7,303 SF
Price / SF$307.49
Days on Market784
Property Features for 1100 N 4th St
General Information
Standard status
Active
Size
7,303 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
SRS Real Estate Partners Newport Beach
(248) 688-0630
Listed By:
Frank Rogers · License #MI 6502417063
Source:
Crexi
Added: Jun 6, 2024
Changed: Jul 6
Last Checked: Jul 28 at 5:06AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This two-tenant, net-leased property is located in Leavenworth, Kansas, within the Kansas City MSA. The property is occupied by NextCare and Booz Allen Hamilton, both with corporate guarantees. The tenants have a weighted average lease term of 3.2 years remaining, with additional option periods. The leases include annual rental increases throughout the initial term and option periods. The tenants reimburse CAM, taxes, and insurance. NextCare operates over 170 facilities in 12 states. Booz Allen Hamilton provides consulting, analysis, and engineering services. The building was previously occupied by a regional credit union and has been redeveloped with a new facade and demised into two entrances. The tenants invested over $600,000 into their respective buildouts. The property is located at the corner of N. 4th Street and Metropolitan Avenue, with 28,600 combined vehicles passing by daily. The site has two pylon signs. It is near Centennial Bridge, a primary route to Kansas City. NextCare is one of only three urgent care facilities in Leavenworth. The site is directly across from Fort Leavenworth, a United States Army installation with 1,000 buildings and over 14,100 personnel. The property is within walking distance of Santa Fe Trail Apartments (48 units) and The Station Lofts at the Riverfront (148 units). The 5-mile trade area has more than 42,100 residents and 18,300 daytime employees with an average household income of $88,944. The property size is 7,303 square feet.
Key Highlights
- Two‑tenant net leased property with corporate guarantees from NextCare and Booz Allen Hamilton (S&P: BBB-)
- Rare annual rental increases in both leases, providing growing NOI and inflation hedging
- Strategic location at a signalized hard corner with high traffic (28,600 vehicles per day) and excellent visibility via two pylon signs
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.7k | $21.60 |
| − Vacancy | −$23.7k | −$3.24 |
| EGI | $134.1k | $18.36 |
| − OpEx | −$33.5k | −$4.59 |
| NOI | $100.6k | $13.77 |
7,303 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,562 @ 7.0% cap · market cap 4.48%
Second Best
Healthcare Medical
$1.38M
$1.21M – $1.61M
NOI $96,750 @ 7.0% cap · market cap 4.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-tenant, net-leased property with corporate guarantees in Leavenworth, Kansas.
Where is this office building located?
The property is located at 1100 N 4th St Leavenworth, KS.
What is the asking price?
The asking price for this property is $2,245,632.
What are key features of this property?
This property features: Two‑tenant net leased property with corporate guarantees from NextCare and Booz Allen Hamilton (S&P: BBB-); Rare annual rental increases in both leases, providing growing NOI and inflation hedging; Strategic location at a signalized hard corner with high traffic (28,600 vehicles per day) and excellent visibility via two pylon signs
