18731 Gardner Rd Gardner, KS 66030
- Retail properties
- 2,200 SF
- 0.84 lot acres
Current Use by Public Records
- Retail properties
Property Details for 18731 Gardner Rd
- Year built
- 2024
- Lot size
- 0.84 lot acres
- Property size
- 2,200 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, fee-simple Taco Bell restaurant located at 18731 S Gardner Rd, Gardner, Kansas, 66030. The property boasts 2,200 square feet on a 0.84-acre lot and is subject to a 20-year triple-net (NNN) lease, minimizing landlord responsibilities. The current annual net operating income (NOI) is $159,600, representing a 5.25% capitalization rate on the $3,040,000 asking price. Built in 2024, this property benefits from a strong tenant, a Taco Bell franchisee, with a proven track record. The lease includes attractive rental increases of 8% every five years, providing a hedge against inflation. The lease commenced upon construction completion. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable location. The property's strong financials, coupled with the long-term lease and built-in rent escalations, make it an ideal addition to any investment portfolio. The franchisee is affiliated with a large and experienced restaurant group operating numerous Taco Bell and Arby's locations. This provides significant financial strength and operational expertise. The price per square foot is $1,381.82.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gardner
- County
- Johnson
- State
- Kansas
- Longitude
- -94.9268
- Latitude
- 38.7882
