For Sale
$2,245,632

1100 4Th St Leavenworth, KS 66048

Net-leased medical & executive office

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple interest in a 7,303 square foot, two-tenant office building located at 1100 N 4th St, Leavenworth, KS 66048. The property boasts a 100% occupancy rate with a weighted average lease term of 3.2 years remaining, featuring corporate guarantees from NextCare Urgent Care and Booz Allen Hamilton. Both tenants benefit from annual rent increases, ensuring consistent NOI growth and inflation protection. The net lease structure minimizes expense leakage for the investor, with tenants responsible for CAM, taxes, and insurance. Built in 2002 and extensively renovated in 2020, the single-story building sits on a 1.23-acre lot with 86 parking spaces and features a prominent location at a signalized intersection, offering excellent visibility and accessibility. The property benefits from its proximity to Fort Leavenworth, a major employer, and nearby residential communities, providing a strong consumer base. The strategic location, coupled with the strong tenant mix and lease terms, makes this a compelling investment opportunity with a 7.75% cap rate and a current NOI of $174,036. The property is zoned PUD (Planned Unit Development) and has a total asking price of $2,245,632, resulting in a price per square foot of $307.49. The property's location offers easy access to the Centennial Bridge, providing convenient access to Kansas City. Limited competition in the area further enhances the investment potential. This property offers a rare combination of strong tenants, a desirable location, and a secure investment structure.

Highlights

  • $2,245,632 asking price for a 7,303 SF office building in Leavenworth, KS.
  • Net lease investment with a 7.75% cap rate and $174,036 annual NOI.
  • 100% occupancy with two corporate-guaranteed tenants (NextCare and Booz Allen Hamilton) on a multi-tenant NNN lease with 3.2 years remaining.
  • Property features annual rent bumps and a 2020 renovation.
  • Located on a signalized corner with excellent visibility and access, near Fort Leavenworth and major transportation routes.

Property Details for 1100 4Th St

Property type
Office properties, Medical offices
Square Feet
7,303 SF
Year Built/Renovated
2002/2020
Stories
1
Lot Size (sq. ft)
53,579 SF
Units
2

Location Insight

City
Leavenworth
County
Leavenworth
State
Kansas
Latitude
39.328206
Longitude
-94.9151261

FAQs

What type of property is this?
Office property - Net-leased medical & executive office
Where is the office property located?
The property is located at 1100 4Th St Leavenworth, KS.
What is the asking price?
The asking price for this property is $2,245,632.
What are key features of this property?
This property features: $2,245,632 asking price for a 7,303 SF office building in Leavenworth, KS.; Net lease investment with a 7.75% cap rate and $174,036 annual NOI.; 100% occupancy with two corporate-guaranteed tenants (NextCare and Booz Allen Hamilton) on a multi-tenant NNN lease with 3.2 years remaining.
How can I contact the broker?
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1100 4Th St
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