364 N Rock Rd - Freestanding FOR SALE


Wichita, KS 67206- East Wichita
$1,833,000 USD
714-878-6004
364 N Rock Rd, Wichita, KS for Sale
$1,833,000 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

364 N Rock Rd
Wichita, KS 67206
East Wichita


HIGHLIGHTS

  • Over 8 Years Remaining | Personal Guaranty |Scheduled Rental Increases
  • NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Eastgate Plaza (407,000 SF) | Towne East Square (1,157,000 SF) |One Kellogg Place (528,000 SF) | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Dunkin’ investment property located in Wichita, Kansas. The tenant, New Days, LLC., has over 8 years remaining in their initial lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 5.45% increases in October 2029, as well as a 3.45% increase in option 1 and a 3.33% in option 2, increasing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,833,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin | Drive-Thru Equipped | NNN Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

LC

APN/PARCEL ID

114-20-0-22-02-007.00,114-20-0-22-02-007.01

ASK ABOUT THIS PROPERTY

Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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Jan Niklas CartusSRS National Net LeaseMore Info
714-878-6004

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