1100 N 4Th St Lansing, KS 66043
- Garden apartment buildings
- 1,600 SF
- 0.35 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 1100 N 4Th St
- Year built
- 1978
- Construction
- FRAME
- Lot size
- 0.35 lot acres
- Property size
- 1,600 SF
- Property type
- Garden apartment buildings
- APN
- 094-18-0-30-03-005.00-0
- APU
- 941803003005000
Description
This exceptional investment opportunity presents a fee-simple interest in a 7,303 square foot, two-tenant office building located at 1100 N 4th St, Leavenworth, KS 66048. The property boasts a 100% occupancy rate with a weighted average lease term of 3.2 years remaining, featuring corporate guarantees from NextCare Urgent Care and Booz Allen Hamilton. Both tenants benefit from annual rent increases, ensuring consistent NOI growth and inflation protection. The net lease structure minimizes expense leakage for the investor, with tenants responsible for CAM, taxes, and insurance. Built in 2002 and extensively renovated in 2020, the single-story building sits on a 1.23-acre lot with 86 parking spaces and features a prominent location at a signalized intersection, offering excellent visibility and accessibility. The property benefits from its proximity to Fort Leavenworth, a major employer, and nearby residential communities, providing a strong consumer base. The strategic location, coupled with the strong tenant mix and lease terms, makes this a compelling investment opportunity with a 7.75% cap rate and a current NOI of $174,036. The property is zoned PUD (Planned Unit Development) and has a total asking price of $2,245,632, resulting in a price per square foot of $307.49. The property's location offers easy access to the Centennial Bridge, providing convenient access to Kansas City. Limited competition in the area further enhances the investment potential. This property offers a rare combination of strong tenants, a desirable location, and a secure investment structure.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Leavenworth
- State
- Kansas
- Longitude
- -94.8962
- Latitude
- 39.2658
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
