3519 10th St - Restaurant FOR SALE


Great Bend, KS 67530
$2,695,000 USD
206-826-5787
3519 10th St, Great Bend, KS for Sale
$2,695,000 USD
Restaurant - FOR SALE
1/7
null | 6.12% Cap Rate

3519 10th St
Great Bend, KS 67530


HIGHLIGHTS

  • Brand New 20-Year Absolute Net Lease | Attractive 8.5% Rent Increases Every 5-Years
  • Top 20% Ranked Wendy’s Location | 2023 Construction, “Next Generation” Design
  • Robust Unit Level Sales & Healthy Rent/Sales Ratio
  • Strong Franchisee Guarantee
  • Strategic Location / Pad to a High-Volume Walmart (2.1M Annual Visitors) | Excellent Visibility and Access
  • Strong 36-Year Historical Occupancy | Ideal QSR Demographics

OVERVIEW

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a newly constructed Wendy’s property located as a pad to a high-volume Walmart in Great Bend, Kansas. A new 20-year Absolute Net lease will be signed at closing, providing investors long-term, passive cash flow with zero landlord responsibilities for maintenance, management, or repairs. This Wendy’s location is ranked within the top 20% of all Wendy’s restaurants in the state of Kansas (per Placer.ai). In 2024, this Wendy’s location generated over $2,500,000 in gross sales, well above Wendy’s national average unit volume (AUV) of $2,000,000. Based on the first year’s rent of $165,000, this results in roughly a 6.6% rent/sales ratio, providing for a strong and sustainable occupancy. The store is operated by a successful Wendy’s franchisee with over 65 locations in 10 states. The entity guaranteeing the lease will be Wenplains LLC, the franchisee’s Midwest operations, which includes 11 restaurants and total store sales volume in excess of $25,000,000 per year (2024). The property is located as pad to a high-volume Walmart location, featuring in excess of 2.1M visitors annually (per Placer.ai). Wendy’s has been operating at this site since 1989, boasting 36 years of successful operating history. In 2023, the original Wendy’s building onsite was demolished and a band-new restaurant was built to incorporate Wendy’s latest “Next Generation” design standards, including a modernized drive-thru, ensuring operational efficiency and enhancing brand visibility. The lease includes attractive 8.5% rent escalations every five years during the initial term and option periods, delivering a built-in inflation hedge and enhancing yield over time. Situated along Great Bend’s main retail corridor with visibility to over 17,000 vehicles per day (VPD), the property also benefits from steady traffic generated by its location as a Walmart outparcel. The property also serves a community of approximately 17,000 residents within a 5-mile radius, with average household incomes exceeding $67,000 per year, supporting consistent customer traffic.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$774 USD /SF

CAP RATE

6.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,702 SF

ZONING

GC

APN/PARCEL ID

189-32-0-20-01-005.00-0

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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