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1501 West 23rd Street
Lawrence, KS 66046
Asking Price
$4.09M
Cap Rate
6.5%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Retail | 6.50% CAP | 2,859 SqFt <p><strong>New 20-Year, Absolute NNN Corporate Sale-Leaseback</strong></p><p>At close of escrow, Hawaiian Bros, Inc. will sign a new long-term lease, which holds Tenant responsible for paying all taxes and insurance as well as performing all maintenance, repair and replacement obligations.</p><p></p><p><strong>Second Store in the Chain (#2)</strong></p><p>Operating since the brand’s launch year, this long-tenured unit is one of the brand’s most foundational and successful stores.</p><p></p><p><s
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NOI
$80,000
Cap Rate
1.96%
DSCR
0.33
Underwater
Cash-on-Cash
-13.27%
Monthly Payment
$20,237.904
Annual Cash Flow
$-162,854.842
