Skip to main content

Auto Dealership

Budget Car and Truck Rental

8144 E Kellogg Dr, Wichita, KS 67207

Listing Price: $1,000,000

Cap Rate
7.00%
Tenant Name
The Wichita Landsmen, LLC
Years Remaining On Lease
8.8
Gross SF
1,506
Guarantor
Corporate Guarantee
Rentable SF
1,506
Price/Gross SF
$664.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.48

Investment Overview

Marcus & Millichap is pleased to present for sale Budget Car and Truck Rental in Wichita, Kansas. Budget Car and Truck Rental (“Budget”) is a globally recognized car rental company with a reputation for excellence and value. It is a leading truck rental company in the United States, serving both the value- conscious consumer and light commercial sectors.

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years Throughout the Lease Term with 10 Percent Increases in Each of Two, Five-Year Renewal Options
  • New High-Quality 2023 Re-Construction
  • 168,073 Residents within a Five-Mile Radius - Growing Wichita Trade Area
  • Dense Retail Corridor Location Across from Towne East Square Shopping Mall and Surrounded by National Tenants: ALDI, At Home, Burlington, and More
  • Excellent Frontage and Accessibility Along East Kellogg Avenue / U.S. Route 400 with More Than 45,900 Cars per Day
  • Budget's Parent Company, Avis Budget Group, is One of the Largest Car Rental Companies in the World
  • Conveniently Located within a 15-Minute Drive of Wichita Dwight D. Eisenhower National Airport and Downtown Wichita

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Auto Dealership

Budget Car and Truck Rental

Listing Price: $1,000,000

Cap Rate
7.00%
Tenant Name
The Wichita Landsmen, LLC
Years Remaining On Lease
8.8
Gross SF
1,506
Guarantor
Corporate Guarantee
Rentable SF
1,506
Price/Gross SF
$664.01
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.48

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Lease
  • Five Percent Rental Increases Every Five Years Throughout the Lease Term with 10 Percent Increases in Each of Two, Five-Year Renewal Options
  • New High-Quality 2023 Re-Construction
  • 168,073 Residents within a Five-Mile Radius - Growing Wichita Trade Area
  • Dense Retail Corridor Location Across from Towne East Square Shopping Mall and Surrounded by National Tenants: ALDI, At Home, Burlington, and More
  • Excellent Frontage and Accessibility Along East Kellogg Avenue / U.S. Route 400 with More Than 45,900 Cars per Day
  • Budget's Parent Company, Avis Budget Group, is One of the Largest Car Rental Companies in the World
  • Conveniently Located within a 15-Minute Drive of Wichita Dwight D. Eisenhower National Airport and Downtown Wichita

Investment Overview

Marcus & Millichap is pleased to present for sale Budget Car and Truck Rental in Wichita, Kansas. Budget Car and Truck Rental (“Budget”) is a globally recognized car rental company with a reputation for excellence and value. It is a leading truck rental company in the United States, serving both the value- conscious consumer and light commercial sectors. Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

MM Texture Background
MM Textured Background Lower