Description

4651 Bauer Farm Drive is a single-tenant retail investment in Lawrence, KS. The 2,400 SF property is 100% occupied, giving a buyer an income-producing asset with a defined retail footprint rather than a vacant space to lease.

Built in 2019, the property sits on 0.79 acres and has 16 parking spaces. Monument signage gives the tenant a place to identify its business, while the 23,986 AADT traffic count puts passing vehicles in the picture for a retail operator. Those features matter together: the building provides a compact selling area, parking serves customer visits, and signage connects the business to traffic. For an investor, the single-tenant configuration keeps the focus on one occupied building and its existing income stream.

The asking price is $1,690,000, with a 7.50% cap rate and $126,720 in NOI. In-place rent is $10560/month, and the lease type is NNN. These figures put the current income at the center of the purchase decision, alongside the property’s 100% occupancy. A buyer can weigh that income against the building’s retail format, parking and traffic count without relying on a vacant-space leasing plan. The opportunity is a fully occupied Lawrence retail property whose operating profile and physical scale are clear from the outset.