2526 Main St, Fort Scott, KS 66701-8724
- Medical Office Space
- 7,992 SF
- 1.66 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 2526 Main St
- Year built
- 2014
- Lot size
- 1.66 lot acres
- Zone code
- C2
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 203-06-0-40-01-007.02-0
- APU
- 2030604001007020
Description
This 7,700 square foot, Class A retail property in Fort Scott, Kansas, offers a compelling value-add investment opportunity. Located on a 1.66-acre lot, it's situated on the sole outparcel to a Walmart, providing high visibility and significant foot traffic. Currently vacant, the property boasts a strong, corporately guaranteed net lease with a remaining term of 4.9 years, generating an annual NOI of $314,411 and a 9.5% cap rate. The lease, commencing September 14, 2014, and expiring September 30, 2029, is backed by Fresenius Medical Care Holdings, Inc., a company with a BBB- Standard & Poor's investment grade rating. The property, built in 2014, features a single-story building with minimal landlord responsibilities (landlord responsible for structure and roof; tenant responsible for interior, parking lot, landscaping, taxes, insurance, utilities, waste management, and HVAC). The average household income within a one-mile radius is $90,696, significantly exceeding the national average. This presents a unique chance to capitalize on a secure income stream while exploring re-leasing or early lease termination options to maximize value. The property's address is 2526 S Main St, Fort Scott, KS 66701, and the APN is 203-06-0-40-01-007.02-0. The asking price is $3,310,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Scott
- County
- Bourbon
- State
- Kansas
- Longitude
- -94.7061
- Latitude
- 37.8075
