2334 Princeton St Ottawa, KS 66067-4028
This exceptional investment opportunity presents a free-standing retail building situated at 2334 S Princeton Street in Ottawa, Kansas. Boasting a highly desirable location on Princeton Street, the property benefits from exceptional visibility and convenient access to major thoroughfares, including Interstate 35 and Route 59. The 0.5-acre lot is situated within a thriving retail corridor, surrounded by a mix of established businesses, including big-box retailers, fast-food restaurants, and hotels, ensuring high traffic volume and strong consumer presence. The building is currently leased to a national tax preparation company under a long-term, absolute triple-net (NNN) lease, minimizing landlord responsibilities and maximizing passive income potential. This NNN lease structure shifts responsibility for property taxes, insurance, and maintenance to the tenant, providing a predictable and low-maintenance investment. The tenant's established national presence and long-term lease commitment offer significant stability and security for investors. This turnkey investment is ideal for those seeking a low-management, high-return opportunity in a prime retail location. The asking price is $450,000. Further details are available upon request.
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H&R Block Tax Preparation
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Ottawa, KSOttawa. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.