216 N Main St - Retail FOR SALE


Goddard, KS 67052
$984,000 USD
714-400-6267
216 N Main St, Goddard, KS for Sale
$984,000 USD
Retail - FOR SALE
1/6
null | 7.5% Cap Rate

216 N Main St
Goddard, KS 67052


HIGHLIGHTS

  • Absolute NNN Lease - Zero Landlord Responsibilities - 13.5 Years of Firm Term Remaining Through December 31, 2039
  • Exceptionally Low Rent - $6.31 PSF - Significantly Below Prevailing Retail Rents Along the US-400 Corridor
  • 2.5% Annual Rent Increases - Contractual Escalations Through Both Primary Term & 5-Year Renewal Option
  • Large-Format Childcare Facility - 11,693 SF - Substantial Licensed Enrollment Capacity Across Multiple Age Groups
  • Goddard, KS - Fastest-Growing Wichita MSA Suburb - Sustained Residential Expansion Along the US-400 Corridor
  • Supply-Constrained Suburban Childcare Market - New Licensed Childcare Capacity Failing to Keep Pace with Residential Growth

OVERVIEW

We are pleased to present the opportunity to acquire a single-tenant, absolute NNN childcare investment in Goddard, Kansas – the fastest-growing western suburb of the Wichita MSA – 100% leased to Launch Pad Learning Center, Inc.? with 13.5 years of firm term remaining and zero landlord responsibilities.? At $6.31 PSF, the in-place rent is exceptionally low relative to any comparable commercial use, providing the landlord with a highly defensible income stream and substantial rental upside upon any future lease event.? The lease carries 2.5% annual increases through both the primary term and the 5-year renewal option, and is secured by a personal guaranty of the principal operator.? At 11,693 SF, the subject property is a large-format childcare facility providing substantial licensed enrollment capacity across multiple age groups.? The property is situated along US Highway 400, the primary east-west arterial connecting Goddard to the Wichita employment core, with 17,898 VPD.? Goddard Unified School District (USD 265) consistently ranks among the most sought-after public school systems in the Wichita MSA, drawing family households that represent the core demand base for licensed early childhood education.? New licensed childcare supply in Goddard has failed to keep pace with the submarket's sustained residential growth, reinforcing the operating position of established operators with long-term leases.? This offering represents a bite-size, passive NNN acquisition with contractual rent growth, personal credit support, and in-place rent structured to provide strong landlord protection under any lease continuity scenario.? Exclusively Listed in association with Brian Brockman | License No.? 239819

FOR SALE DETAILS

PRICE

$984,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Launch Pad Learning Center | Absolute NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00254321,00254323

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.