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20015 W 153rd St
Olathe, KS 66062

$1,735,000 USD

Service Station For Sale  •  2,118 SF

Property Details

  • Property Type Service Station
  • Total Building Size 2,118 SF
  • Lot Size 0.56 AC
  • Building Class C
  • Year Built 2004
  • Cap Rate 7.25 %
  • Tenancy Single
  • Zoning CP-3
0 Transit Score
44 Walk Score

Highlights

Listed for $1,735,000 yielding a cap rate of 7.25%.
#1 Jiffy Lube in KS – Per foot traffic data (Alpha Map), the subject property is the best in the state and in the 90th percentile nationally.
Recent Extension – Tenant exercised their option demonstrating commitment to the location.
Abs. NNN Lease – Zero landlord responsibilities.
Strong Guarantor – Team Car Care has ±500 locations nationally and is a national leader in the quick lube industry.
Rent Increases – 10% increases every 5 years provide effective hedge against inflation.
Cap Rate: 7.25 %
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services
Jack Kulick 760-642-9942 Matthews Real Estate Investment Services