995 E 61st St N - Restaurant FOR SALE
Park City, KS 67219 |
$4,073,638 USD
404-504-7900
995 E 61st St N
Park City, KS 67219
HIGHLIGHTS
- Absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases.
- The subject property is an excellent performer with strong sales.
- By visits, this Wichita location ranks among the top 20% of Cracker Barrel's in the state of Kansas, according to Placer.ai.
- Located at the hard-corner, signalized intersection of East 61st Street North and Hattan Drive, immediately adjacent to Interstate 135.
OVERVIEW
CBRE is pleased to exclusively offer for sale the 9,915-square-foot Cracker Barrel situated on 2.86 acres in Park City, KS - a component of the Wichita, KS MSA (MSA Population: 657,312). Cracker Barrel's absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.
FOR SALE DETAILS
PRICE
$4,073,638 USD
PRICE/SF
$411 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Cracker Barrel: Wichita, KS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1998
SPRINKLERS
-
PARKING SPACES
159
LAND DETAILS
LAND ACRES
2.86 AC
LAND SF
124,582 SF
ZONING
C2
APN/PARCEL ID
095-16-0-21-02-001.00
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
404-504-7900
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
404-504-7900
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
