2526 Main St Fort Scott, KS 66701-8724

Property Details for 2526 Main St

Year built

2014

Lot size

1.66 lot acres

Property size

7,992 SF

Zone code

C2

Property type

Medical offices

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.

Location Insight

City

Fort Scott

County

Bourbon

State

Kansas

Longitude

-94.7061

Latitude

37.8075

Property Tax & Assessments