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1203 N 2nd Ave

14,724 SF Retail Building Mulvane, KS 67110 £821,573 (£56/SF) 6.87% Net Initial Yield

Investment Highlights

  • Absolute Net Dillons Food Store (Division of Kroger)
  • Dillons is no longer required to report sales but was doing approximately $6,300,000 ($429 PSF) in 2013
  • Dillons replaced the roof, repaved the parking lot, and made significant modifications to the wiring system in the last few years

Executive Summary

Absolute Net Dillons Food Store (Division of Kroger). Dillons replaced the roof, repaved the parking lot, and made significant modifications to the wiring system in the last few years. Dillons is no longer required to report sales but was doing approximately $6,300,000 ($429 PSF) in 2013

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,724 SF
Building Class
C
Year Built
1968
Price
£821,573
Price Per SF
£56
Net Initial Yield
6.87%
NOI
£56,430
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
1.67 AC

Amenities

  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 14,700 SF
  • -
  • NNN
  • Jun 2024

Dillons offers thousands of quality food and household products from your favorite brands and companies. From fresh produce, meats and seafood to dairy, home goods and pharmaceutical needs, Dillons is your one stop for savings. Be sure to check for special value from Dillons own “Dillons” store brand of goods, as well as their higher-end Private Selection brand.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 14,700 SF - NNN Jun 2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
239-31-0-11-02-001.00
Land Assessment
£22,182
Improvements Assessment
£85,698
Total Assessment
£107,880
  • Listing ID: 22901282

  • Date on Market: 03/05/2021

  • Last Updated:

  • Address: 1203 N 2nd Ave, Mulvane, KS 67110

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