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Verizon

$1,772,000

4651 Bauer Farm Drive, Lawrence, KS 66049

Active
Last Updated: 07/22/2025

7.15

Cap Rate

126,720

NOI

Details:
Cap Rate:    7.15%
NOI:    $126,720
Building Size:    2,400 sqft
Lot Area:    0.79 acres
Lease Type:    Triple Net
Year Built:    2019
Tenancy:    Single
Parking Spots:    16
Highlights:
  • 4+ years remaining in the base term with three, 5-year extension options
  • 10% rental increases at start of each option providing a hedge against inflation
  • 2019 build-to-suit construction with 15-year roof warranty in place (~10 years remaining)
  • Standalone visibility on W 6th Street – 23,000 VPD
  • Affluent submarket – $115,000 average household incomes within a 1-mile radius of the subject property
  • Home to University of Kansas – 30,700 students
Description:

Long-term lease to the largest authorized Verizon retailer in the U.S. with 4+ years remaining in the base term and three, 5-year options to extend at 10% rental increases. Subject property is located in Lawrence – a densely populated college town home to the University of Kansas (30,770 students).

Map:
Documents:
Title
Verizon_LawrenceKS.pdf
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