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Sonic Wamego 1001 Lincoln Ave 1,252 SF Retail Building Wamego, KS 66547 $1,739,753 CAD ($1,389.58 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Absolute NNN with zero landlord responsibilities on a long-term lease with over 10 years remaining
- Soar Restaurants II LLC is part of Soar QSR, the 2nd largest Sonic franchisee in the country, operating over 250 locations across 20 states
- Half a mile from the OZ Museum a unique museum dedicated to The Wizard of Oz artifacts
- 10% increases every 5 years with the next increase in December 2031. 2026 increase is included in current rent and Seller will credit the difference
- Over 10,000 vehicles per day on Highway 24 and nearly 8,000 vehicles per day on Lincoln Avenue
- About a 4 minute walk from Wamego High School with over 500 students
Executive Summary
Retail Investment Group is pleased to offer for sale this Sonic in Wamego, Kansas which part of the Manhattan Kansas MSA.
This opportunity features an absolute NNN lease with more than 10 years remaining.
Built in 1991, this Sonic has been operating at this location for approximately 34 years. This ±1,252-square-foot building sits on a ±0.68-acre lot.
Broker of Record: Brian Brockman
Lic: 239819
Bang Realty-Kansas Inc
513.898.1551
bor@bangrealty.com
This opportunity features an absolute NNN lease with more than 10 years remaining.
Built in 1991, this Sonic has been operating at this location for approximately 34 years. This ±1,252-square-foot building sits on a ±0.68-acre lot.
Broker of Record: Brian Brockman
Lic: 239819
Bang Realty-Kansas Inc
513.898.1551
bor@bangrealty.com
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
1,252 SF
Building Class
B
Year Built
1991
Price
$1,739,753 CAD
Price Per SF
$1,389.58 CAD
Cap Rate
8.25%
NOI
$143,530 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.68 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 292-04-0-30-01-016.00-0 | Improvements Assessment | $110,064 CAD |
| Land Assessment | $34,486 CAD | Total Assessment | $144,550 CAD |
Property Taxes
Parcel Number
292-04-0-30-01-016.00-0
Land Assessment
$34,486 CAD
Improvements Assessment
$110,064 CAD
Total Assessment
$144,550 CAD
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Sonic Wamego | 1001 Lincoln Ave
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