Former Church’s Chicken

Junction City, KS

Price $337,500
Cap Rate 8.50%
TYPE Single-Tenant
STATUS Available
Tenant Formerly Church's Chicken
LEASE TYPE Absolute NNN
SQUARE FEET 1,120
PRICE/SQ FT $30
YEAR BUILT 1960
LEASE EXP. 2024
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com

Property Description

Formerly a Church’s Chicken, this property is an excellent redevelopment opportunity with 8 years remaining on an initial 18 year corporately guaranteed Absolute NNN lease.

The subject property is located in Junction City, Kansas, on the hard corner with high drive-by visibility. The former Church’s Chicken is just 1.5 miles from the entrance to Fort Riley, a 100,656 acre military base home to the 1st Infantry Division with a total of 15,417 military personnel that had an economic impact of $1.7B in the 2016 fiscal year. This location is situated 2.5 miles from Geary Community Hospital and is nearby retailers including True Value, Dollar General, Dillon’s, Family Dollar, O’Reilly Auto Parts, AutoZone, Napa Auto Parts, Walmart, Ashley Furniture HomeStore, CVS Pharmacy, Hibbett Sports, Goody’s, Dollar Tree, etc. Kansas has a low unemployment rate of 3.7% compared to the national average of 4.3% (July 2017).

*In Association With: Lockwood Realty, LLC

Property Highlights

  • 8 Years Remaining on Initial 18-Year Corporate Guaranteed Absolute NNN Lease
  • Situated on the Hard Corner with High Drive-by Visibility on 11th St & Washington St where Traffic Counts Exceed 11,200 CPD!
  • Demographics - Total Population: 47,086 | Average Household Income: $57,450
  • Excellent Redevelopment Opportunity
  • 1.5 Miles from the Entrance to Fort Riley Military Base with 15,417 Personnel & a Fiscal Economic Impact of $1.7B in 2016
  • Low Unemployment Rate - Kansas: 3.7% | National Average: 4.3%