207 Arizona Ave, Holton, KS 66436-1226

Property Details for 207 Arizona Ave

Year built

1978

Lot size

1.17 lot acres

Property type

Banks

APN

092-09-0-20-01-007.00-0

APU

920902001007000

Description

This exceptional retail investment opportunity in Holton, Kansas, presents a compelling case for long-term income and appreciation. The property, located at 207 Arizona Ave, boasts a total of 39,664 square feet on a 4.95-acre lot, housing two nationally recognized tenants: Tractor Supply (23,418 sq ft) and Dollar Tree (10,000 sq ft). Both tenants are credit-rated and enjoy a multi-tenant lease structure with a remaining term of approximately four years. The lease commenced April 16, 2017, and expires April 29, 2027, with built-in rent bumps of 10% for the first option and 5% for the subsequent four options. The property, originally built in 1981, underwent a complete renovation in 2017, aligning perfectly with the tenants' specifications. An additional 5,000 square feet offers potential for expansion or leasing to generate further income. The property's strategic location on Arizona Avenue, Holton's main street, ensures high visibility. Holton serves as a commercial center for a large rural area in Jackson County, north of Topeka. The property's current occupancy stands at 87%, generating a Net Operating Income (NOI) of $155,000 and a 6.25% capitalization rate. The asking price is $2,528,000. This investment offers a blend of stability, growth potential, and a strong return on investment.

Location Insight

City

Holton

County

Jackson

State

Kansas

Longitude

-95.7489

Latitude

39.4605

CBSA code

45820

CBSA name

TOPEKA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments