1100 4Th StLeavenworth, KS 66048

Property Details for 1100 4Th St

Year built

1978

Construction

FRAME

Lot size

0.35 AC

Property size (Sq ft)

1,600 SF

Property type

Garden apartment buildings

APN

094-18-0-30-03-005.00-0

APU

941803003005000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $378,017

  6.5%

  $348,939

  7%

  $324,015

• Comparable approach

  Method

  Valuation

  Relative Method

  $177,394

  Geo Method

  $177,394

• Alternative Use

  Use

  Valuation

  Residential

  $348,939

  Hospitality

  $319,626

  Educational

  $265,925

  Medical

  $275,071

  Retail

  $413,661

Location Insight

City

Lansing

County

Leavenworth

State

Kansas

Latitude

39.2658

Longitude

-94.8962

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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