Restaurant
Burger King
528 N Oliver St, Wichita, KS 67208
Listing Price: $1,115,000
Investment Overview
This Burger King is well-located and operated by Genesh, Inc., a franchisee with over 50 locations and a track record of success. The property is surrounded by single-family residential homes and is adjacent to CVS Pharmacy and QuikTrip. There are more than 215,000 residents in a 5-mile radius with an average household income exceeding $68,000. Wichita is the largest city in the state of Kansas with over 395,000 residents. Burger King fronts N. Oliver Street which boasts 15,000+ average daily traffic counts. This Absolute NNN Lease calls for 5% rent increases every 5 years in addition to 6% percentage rent above the natural break point.
Exclusively Listed By
Broker of Record
Listing Price: $1,115,000
Investment Highlights
- Strong Operator - Genesh, Inc. (50+ Locations)
- Excellent 8.51% Percent CAP Rate
- Excellent Location – Surrounded by Single-Family Neighborhoods
- Population Exceeds 215,000 Residents (5-Mile)
Investment Overview
This Burger King is well-located and operated by Genesh, Inc., a franchisee with over 50 locations and a track record of success. The property is surrounded by single-family residential homes and is adjacent to CVS Pharmacy and QuikTrip. There are more than 215,000 residents in a 5-mile radius with an average household income exceeding $68,000. Wichita is the largest city in the state of Kansas with over 395,000 residents. Burger King fronts N. Oliver Street which boasts 15,000+ average daily traffic counts. This Absolute NNN Lease calls for 5% rent increases every 5 years in addition to 6% percentage rent above the natural break point.
Exclusively Listed By
Broker of Record
