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Restaurant

Burger King

528 N Oliver St, Wichita, KS 67208

Listing Price: $1,115,000

Cap Rate
8.51%
Tenant Name
Burger King
Years Remaining On Lease
3.8
Guarantor
Franchisee Guarantee
Rentable SF
2,369
Lease Type
Absolute Net
Rent Per Square Feet
$40.07

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.

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)

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Restaurant

Burger King

Listing Price: $1,115,000

Cap Rate
8.51%
Tenant Name
Burger King
Years Remaining On Lease
3.8
Guarantor
Franchisee Guarantee
Rentable SF
2,369
Lease Type
Absolute Net
Rent Per Square Feet
$40.07

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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