414 E. Industrial Rd - Industrial FOR SALE


Goddard, KS 67052
$685,000 USD
480-352-4833
414 E. Industrial Rd, Goddard, KS for Sale
$685,000 USD
Industrial - FOR SALE
1/10
null | 7.58% Cap Rate

414 E. Industrial Rd
Goddard, KS 67052


HIGHLIGHTS

  • Fully renovated, turnkey light industrial / flex building w/ income in place today & a defined transition to stabilized NNN leases at renewal
  • Fully serviced site with a large, flat rear yard and City-confirmed compatibility for additional light industrial or flex development
  • Secure, low-disruption industrial park location with full semi-truck access, three-phase power, and electronic gated site access

OVERVIEW

Offered for sale is a fully renovated light industrial / flex property located at 414 E Industrial St in Goddard, Kansas, serving the greater Wichita metro area. The property consists of a 4,800 square foot building divided into two 2,400 square foot suites, situated on a large, flat, secured site within an established industrial park designed for full tractor-trailer circulation. The building has undergone a comprehensive renovation and is fully HVAC’ed throughout. Improvements include upgraded electrical systems and panels, modern interior and exterior lighting, renovated office areas and bathrooms, insulated construction, security cameras, perimeter lighting, and electronic gated site access. The property also features three-phase power and full semi-truck access, supporting a wide range of light industrial and flex uses. The asset is currently 100% leased under a modified gross lease structure through December 31, 2026, providing income in place today. The existing leases include a clearly defined transition to a stabilized triple net (NNN) structure at renewal, with renewal leases executed prior to sale. Under the NNN structure, tenants will be responsible for their proportionate share of property taxes, insurance, and operating expenses, subject to annual reconciliation. Contractual annual rent escalations provide predictable income growth over the renewal term. Pro forma stabilized NOI under the NNN structure is approximately $51,900. Located within a low-disruption industrial park, the property offers operational advantages over many older urban industrial assets where access, circulation, and security are often constrained. The site includes fully serviced industrial land with utilities, access, and zoning in place, as well as a substantial rear yard. Ownership has met directly with the City, and the site has been confirmed as compatible with additional light industrial or flex space development, with no zoning conflicts identified. Future development scope and timing may be determined by the buyer based on use and strategy and is not required to support the current valuation. The property is offered directly by ownership and is not currently listed with a brokerage. It is well suited for investors seeking income in place with a defined path to stabilized NNN, owner-users, or hybrid buyers seeking high-quality industrial space with long-term flexibility.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Lighting - Halogen, Gas - Natural, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

17 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.85

LAND SF

37,026

ZONING

L-1

APN/PARCEL ID

149-32-0-31-01-011.00B

ASK ABOUT THIS PROPERTY

Brandon GoreBrandon GoreMore Info
480-352-4833

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Brandon GoreBrandon GoreMore Info
480-352-4833

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