2526 Main StFort Scott, KS 66701

Property Details for 2526 Main St

Year built

2014

Lot size

1.66 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,436,047

  6.5%

  $1,325,582

  7%

  $1,230,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $571,668

  Geo Method

  $571,668

• Alternative Use

  Use

  Valuation

  Residential

  $1,643,721

  Hospitality

  $1,505,640

  Educational

  $1,252,674

  Medical

  $1,295,756

  Retail

  $1,948,605

Location Insight

City

Fort Scott

County

Bourbon

State

Kansas

Latitude

37.8075

Longitude

-94.7061

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].