245 N West St - Freestanding FOR SALE


Wichita, KS 67203- Orchard Breeze
$1,188,000 USD
245 N West St, Wichita, KS for Sale
$1,188,000 USD
Freestanding - FOR SALE
1/1
null | 7% Cap Rate

245 N West St
Wichita, KS 67203
Orchard Breeze


HIGHLIGHTS

  • LEADING NATIONAL DISCOUNT RETAILER
  • PASSIVE NET LEASE STRUCTURE
  • STRONG TRAFFIC COUNTS
  • RECENT LEASE EXTENSION
  • LOW VACANCY MARKET
  • STABLE MARKET

OVERVIEW

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to present the opportunity to acquire the fee simple ownership interest in the Family Dollar property located at 245 N West St in Wichita, KS ( “the Property”). The Property features a 8,320 SF building constructed on 0.84 acres. The Property is subject to a newly executed lease extension, guaranteed by Family Dollar, LLC (“the Tenant”), the leading discount retail operator with 8,359 stores in 48 U.S. states. Family Dollar is a wholly-owned subsidiary of Dollar Tree, the publicly traded entity rated BBB/Stable by S&P Global Ratings. As of 2/2024, Family Dollar reported annual revenue of $13.8 billion - over 45% of Dollar Tree’s system-wide sales of $30.6 billion.

FOR SALE DETAILS

PRICE

$1,188,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

LC

APN/PARCEL ID

136-23-0-41-01-001.01

ASK ABOUT THIS PROPERTY

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