2531 Iowa StLawrence, KS 66046

Property Details for 2531 Iowa St

Lot size

0.43 AC

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

111-11-0-10-05-001.02-0

APU

1111101005001020

Description

This exceptional investment opportunity presents a brand-new, 950-square-foot Dutch Bros Coffee (NYSE: BROS) located at 2531 Iowa St, Lawrence, KS 66046. The property boasts a 15-year absolute triple-net (NNN) lease with a corporate guarantee, ensuring consistent cash flow. Ten percent rent increases are built into the lease every five years, providing significant long-term growth potential. Constructed in 2024, this high-quality building features a drive-thru, capitalizing on the convenience-driven coffee market. Situated on a 0.43-acre lot, the property benefits from excellent visibility on Iowa Street, a thoroughfare with 27,500 vehicles daily. The strong demographics of the area, including 97,467 residents within a 5-mile radius and proximity to the University of Kansas (less than one mile away, with over 30,000 students), contribute to exceptional tenant performance. The property's Net Operating Income (NOI) is $154,000, yielding a 5.75% cap rate. The lease includes multiple renewal options, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a high-performing, nationally branded asset in a thriving market. The asking price is $2,678,200.

• CAP approach

  CAP return

  Valuation

  6%

  $3,908,448

  6.5%

  $3,607,798

  7%

  $3,350,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,076,734

  Geo Method

  $2,076,734

• Alternative Use

  Use

  Valuation

  Residential

  $3,607,798

  Hospitality

  $3,304,724

  Educational

  $2,749,491

  Medical

  $2,844,050

  Retail

  $4,276,986

Location Insight

City

Lawrence

County

Douglas

State

Kansas

Latitude

38.9374

Longitude

-95.2609

CBSA code

29940

CBSA name

LAWRENCE, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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