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KFC – LAWRENCE, KS 658 W 23rd St 3,008 SF Retail Building Lawrence, KS 66046 $2,360,814 CAD ($784.85 CAD/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: Over 15 years remaining on initial 20-year Absolute NNN lease with attractive 7.00% rental escalations
- Tenant - FQSR, LLC (the largest KFC franchisee in the U.S.) encompasses ±800 locations (+20% of KFC locations in the U.S. system)
- TRAFFIC COUNTS: Situated on a signalized, hard corner with great visibility/access on W 23rd St with traffic counts of 21,439 CPD!
- OPERATOR | TENANT: Parent Company of KBP Foods operates ±1,055 locations across 4 brands in 32 states.
- SEASONED LOCATION: Successfully open & operating for decades with an attractive 6.60% Rent-to- Sales ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 100,388 | Average Household Income (1MI): $94,487
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,008 SF
Building Class
B
Year Built/Renovated
1998/2018
Price
$2,360,814 CAD
Price Per SF
$784.85 CAD
Cap Rate
5.50%
NOI
$129,845 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.55 AC
Zoning
C
Frontage
138’ on 23rd St
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
KFC, a subsidiary of Yum! Brands, Inc. (NYSE: YUM.), is a global chicken restaurant brand with a rich, decades-long history of success and innovation. It all started with one cook, Colonel Harland Sanders, who created a finger lickin’ good recipe decades years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen. Today they still follow his formula for success, with real cooks breading and freshly preparing their delicious chicken by hand in tens of thousands of restaurants around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 111-01-0-40-21-010.00-0 01 | Improvements Assessment | $210,650 CAD |
| Land Assessment | $220,110 CAD | Total Assessment | $430,760 CAD |
PROPERTY TAXES
Parcel Number
111-01-0-40-21-010.00-0 01
Land Assessment
$220,110 CAD
Improvements Assessment
$210,650 CAD
Total Assessment
$430,760 CAD
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KFC – LAWRENCE, KS | 658 W 23rd St
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