Landmark Commercial Exterior

Available Properties

912 S Morrill Avenue

Price: $1,550,000

Property Details

Address:
912 S Morrill Avenue, Hiawatha KS 66434
Location:
Lodge Street and Morrill Ave
Availability:
For Sale
CAP:
6.13%
Building Size:
7,480 sq. ft.
Lot Size:
37,026 sq. ft.
Year Built:
2019
Property Type:

More Information

Description

- Tenant: Kansas Department of Children and Families

- NOI: $95,063

- Annual Gross Rent: $106,590

- Tenant Responsibilities: Utilities, janitorial and trash removal

- Landlord Responsibilities: Roof, structure, interior maintenance and repairs, grounds maintenance, landscaping, parking areas, entrances and sidewalks, snow removal and pest control

- Lease Commencement: New 15-Year Lease Commenced in 2019

- Options: (1) 5-year option to renew at same rate

Location Description

- North of Lodge Street on Morrill Avenue

Property Highlights

- LOW RENT PER SQUARE FOOT

- STABLE, CREDIT TENANT

- RECESSION RESISTANT, E-COMMERCE RESISTANT TENANT

- STATE OF KANSAS CREDIT: Aa2

- LOCATED 2 HOURS SOUTH OF OMAHA, NEBRASKA

- LOCATED 90 MINUTES NORTHWEST OF KANSAS CITY, KANSAS

Sales Associate

Scott Harper, MBA, CCIM

Scott Harper, MBA, CCIM
316-262-2442 (office)

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