0 Merriam Ln Merriam, KS 66203

This exceptional investment opportunity presents a 10,800-square-foot warehouse situated on a 5.05-acre lot in Merriam, Kansas. The property, located at 1129 Merriam Lane, boasts convenient access to major interstates I-35, I-635, and Highway 69. Built in 1920 and renovated in 1973, the warehouse features an 18-foot ceiling height, one loading dock, and two dock-high doors. Currently 100% leased to Forshaw, Inc. under a triple-net (NNN) lease, the property offers a strong, stable income stream. The five-year lease includes two five-year renewal options, ensuring long-term cash flow. Landlord responsibilities are limited to structural repairs/replacement and parking lot maintenance. The current Net Operating Income (NOI) stands at $70,632, yielding an 8.50% cap rate at the asking price of $830,964. Annual rent escalations are tied to the Consumer Price Index (CPI), providing further protection against inflation. The property is zoned M-3, offering flexibility for future use. This is a compelling investment opportunity with significant upside potential. The property's strong tenant, favorable lease terms, and strategic location make it an attractive addition to any portfolio.