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Casey’s Convenience Store Absolute NNN Ground Lease Kansas

Casey’s Convenience Store | Manhattan, KS
Make an Offer
Investment Offering

Tenant: Casey’s Convenience Store | Manhattan, KS
Premises: 3,600 SF
Renewal Options: 6 x 5 Years

Lease Expiration: Est. November 2041
Lease Type: Absolute NNN Ground Lease
Rental Increases: 10% Every 5 Years & At Options


Sands Investment Group is Pleased to Present Exclusively For Sale the 3,600 SF Casey’s Convenience Store Located at 605 S 3rd Street in Manhattan, Kansas. This Deal Includes a Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate.

  • Rare Opportunity to Acquire a Best-in-Class Tenant That Has Historically Owned All Their Own Real Estate
  • Strong Corporate Guarantee From Casey’s General Stores Inc. (NASDAQ: CASY) That Operates About 2,243 Convenience Stores Across 16 States
  • Brand New 20 Year Triple Absolute Net Ground Lease With Zero Landlord Responsibility
  • Located Off Fort Riley Blvd and 3rd Street That See Traffic Counts Over 17,447 VPD
  • Strong Demographics With a Population of 60,162 Residents Making an Average Household Income of $68,951 Within a 5-Mile Radius
  • Kansas State University is Just 6 Minutes Away and Services Over 25,000 Students and Staff and Was the First Public Higher Education Institution in Kansas
  • Located in the NE Corner of Kansas, Manhattan Was Nicknamed “The Little Apple” as a Play Off of NYC and is Home to the Fort Riley U.S. Army Post
  • Attractions Nearby: Wonder Workshop Children’s Museum, Manhattan Country Club, Sunset Zoo & City Park (Includes Pavilion, Swimming Pool, Tennis Courts, Splash Park and More)
  • Nearby Tenants Include: Holiday Inn Express & Suites, Hilton Garden Inn, Fairfield Inn, U-Haul, Shell, AutoZone, AMC, JCPenney, Applebee’s, Home Depot, Dillard’s, McDonald’s, Chick-fil-A, ALDI and Walmart Supercenter

In Cooperation With Sands Investment Group Kansas, LLC – Lic. #CO00002897 BoR: Max Freedman – Lic. #00241927

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Tenant Overview

Headquartered in Ankeny, Iowa, Casey’s General Stores, Inc. operates approximately 2,243 convenience stores in 16 Midwestern states as of April 20, 2021. Casey’s offers self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. Among the most popular of Casey’s prepared foods are their made-from-scratch pizzas, donuts, subs and sandwiches. Casey’s operates from two company distribution centers, enabling an approximate delivery of 90% of in-store products as well as 75% of fuel.
For more than 35 years, we’ve been perfecting our famous handmade pizza. The company’s stores offer a selection of food, including freshly prepared foods, such as beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items. Its stores also provide fuel for sale on a self-service basis. Since our humble beginning in 1968 as a general store in Boone, Iowa, Casey’s has steadily grown from the heart of one community to the next.

Area Overview

Casey’s Convenience Store | Manhattan, KS

605 S 3rd Street - Manhattan, KS 66502

Contact Broker for Details

Status: Sold

Casey’s Convenience Store | Manhattan, KS

Sam Mallane

512.543.4759
samual@SIGnnn.com

Max Freedman

512.766.2711
max@SIGnnn.com

Make an Offer
$8 BILLION IN SALES

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We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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