Contacts

Brandon Heck

NAI Heartland

Property Details

Property Type Retail - Street Retail
Property Size 2,952 SF
Units 1
Lot Size 0.07 Acre
Additional Rent Contact for pricing
Property Tenancy Single Tenant
Date Updated Nov 10, 2024

NAI Heartland is pleased to present a NNN leased retail investment opportunity. 8 W 8th Street in Lawrence, Kansas is a 2,952 SF retail building leased to Noodles & Company. Noodles & Company is dedicated to this location operating here for over 15 years. Plus, they just exercised their first lease option extending their term for 5 more years with zero landlord requests. In addition to the long-term national tenant, this investment opportunity also benefits from a prime “ground zero” location on 8th Street and Massachusetts Street in downtown Lawrence. The area is a top destination in the region with historic walkable landscapes, one-of-a-kind mix of shopping, dining, and entertainment, coupled with hosting an abundance of spectacular community events and located at the doorstep of the University of Kansas.

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Highlights

Lease Term: Noodles & Company just exercised a 5-year extension with zero landlord requests.
Prime Location: The property is strategically situated in a prime “ground zero” location in downtown Lawrence and near the University of Kansas campus and its 28,000 students.
Stable Income: With a cap rate of 7.35%, this investment offers a stable and attractive income stream.
Minimal Landlord Responsibilities: Noodles & Company takes care of the majority of maintenance, making this investment hassle-free for landlords.
Dedication to Location: Noodles & Company has operated at this location for over 15 years showing a dedication to this location.
Strong Demographics: 5 mile population exceeds 95,000, 5 mile median household income exceeds $63,000, and 1 mile median home value exceeds $308,000.

Getting around

95/100
Walk Score ®
94/100
Bike Score ®

Powered by Walk Score ®

City Lawrence, KS
Neighborhood Original Town Lawrence
Zip Code 66044
Market Kansas City

Points of Interest

Lawrence

0.33 miles

Conoco

0.41 miles
Kwik Shop

0.46 miles
Casey's General Store

1.05 miles
Cenex

1.21 miles
QuikTrip

1.29 miles
Sunoco

1.54 miles
Phillips 66

1.82 miles
EVlink

2.37 miles

City of Lawrence Parking Lot 14

0.03 miles
Lot #3

0.08 miles
Vermont St Garage

0.09 miles
City of Lawrence Parking Lot 2

0.09 miles
City Of Lawrence Parking Lot 4

0.10 miles
City of Lawrence Parking Lot 12

0.11 miles
City Of Lawrence Parking Lot 8

0.12 miles
Lot #11

0.12 miles
City of Lawrence Parking lot 8

0.15 miles
Lot #5

0.20 miles

Noodles & Co.;Noodle Company

0.00 miles
Jefferson's Lawrence

0.01 miles
The Basil Leaf Cafe

0.02 miles
The Burger Stand at The Casbah

0.03 miles
Merchants

0.03 miles
Wa Restaurant

0.03 miles
Cosmos Indian Store

0.04 miles
Zen Zero

0.05 miles
Juice Stop

0.06 miles
Taco Zone

0.06 miles

Cindy’s Simple Life

0.06 miles
Weaver's

0.16 miles
F-Mart

1.08 miles
Dillons

1.24 miles
The Merc Co+op

1.36 miles
Checkers

1.92 miles
Casa Azteca Market

2.03 miles
Natural Grocers

2.05 miles
Hy-Vee

2.96 miles
ALDI

3.12 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.