1400 W. Almity St. Louisburg, KS 66053
- 38,516 Square Feet
- For Sale
We are pleased to offer a proven single tenant retail asset that is 100% leased to Price Chopper on an absolute NNN, fee simple (land and building) lease. Comprised of 38,516 square feet along West Amity St. in Louisburg, KS, the lease has approx. 11 years remaining on an original 20 year primary term that includes 4 -5 year option periods. The lease provides for fixed rental increases during the primary and option periods, providing inflation protection to a new owner. The next rental increases will take place on January 1, 2017, further providing an investor with a near term rent increase. Situated just east of the US Highway 69 and Kansas Highway 68, the property is just 15 minutes south of Overland Park' s dynamic 151st Street commercial corridor and just 7 minutes from the Johnson County line (Johnson County is the 38th wealthiest county in the United States).
Property Status: Absolute NNN Investment
Building Size: 38516 Square Feet
Area Available: 38,516 Square Feet