Cox Bros. BBQ (Sale Leaseback)
223 McCall Road | Manhattan, KS
Marketing Package Available
$1,962,000 @ 6.75% CAP
- Brand New 20-Year Absolute NNN Lease with 5% Rental Escalations every 5 years (parent company operates 23 restaurants over 6 concepts).
- Situated just over one mile from Kansas State University – 23,229 students enrolled in 2014.
- Fort Riley has a daytime population of nearly 25,000 – majority of which reside in Manhattan, KS.
- Located across the street from WalMart – retailers nearby include; Menards, Dick’s Sporting Goods, Hy-Vee Grocery, Hobby Lobby, Bed Bath & Beyond, Petco, etc.
- Blocks from Manhattan Town Center (A 392,000 sq.ft. regional shopping center) anchored by a Dillard’s, JCPenney & Sears.
- Healthy 7.95% Sales to Rent ratio.
- Manhattan, KS unemployment rate is 3.4% (April 2014) – well below national average of 6.1%.
- Daytime population of 62,048 with an average household income exceeding $57,300 in the 5-mile ring.
- View the full listing at CIAdvisor.com
Contact Justin Zahn @ (402) 730-6021