Restaurant

AppleBee's

436 S Andover Rd, Andover, KS 67002

Listing Price: $1,846,154

Cap Rate
6.50%
Gross SF
5,161
Rentable SF
5,161
Price/Gross SF
$357.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.25

Investment Overview

The subject investment property is a Burger King situated on the hard corner at the intersection of Interstate-54 and South Andover Road. Interstate-54 boasts an average daily traffic count of approximately 31,000 vehicles and also serves as an access route directly to downtown Wichita, Kansas. There are approximately 21,000 thousand people living withing a three-mile radius of the subject property and 43,000 individuals residing within a five-mile radius. The immediate area is also very affluent with an average household income exceeding $127,000 within a three-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, academic institutions and, hospitality accommodations all within close proximity of this property. Major national tenants include: Goodwill, Papa Johns, Spangles, Braums, Taco Bell, Dominos, Arbys and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Holiday Inn, Days Inn and Andover Estates as well as numerous others. This property also benefits from being situated within a two-mile radius of several academic institutions. Butler Community College, along with four other academic institutions, is located within a two-mile radius of the property and have a combined total enrollment exceeding 15,000 students. This Burger King benefits from being situated on Interstate-54, with high visibility and ease of access, as downtown Wichita is within a 15-mile radius.

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

Listing Price: $1,846,154

Cap Rate
6.50%
Gross SF
5,161
Rentable SF
5,161
Price/Gross SF
$357.71
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.25

Investment Highlights

  • 15-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.50% Annually
  • Four (4) Tenant Renewal Periods of Five (5) Years Each

Investment Overview

The subject investment property is a Burger King situated on the hard corner at the intersection of Interstate-54 and South Andover Road. Interstate-54 boasts an average daily traffic count of approximately 31,000 vehicles and also serves as an access route directly to downtown Wichita, Kansas. There are approximately 21,000 thousand people living withing a three-mile radius of the subject property and 43,000 individuals residing within a five-mile radius. The immediate area is also very affluent with an average household income exceeding $127,000 within a three-mile radius.
The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, academic institutions and, hospitality accommodations all within close proximity of this property. Major national tenants include: Goodwill, Papa Johns, Spangles, Braums, Taco Bell, Dominos, Arbys and several other quick service restaurants. Additionally, several hospitality accommodations are within immediate proximity to the subject investment property. These include: Holiday Inn, Days Inn and Andover Estates as well as numerous others. This property also benefits from being situated within a two-mile radius of several academic institutions. Butler Community College, along with four other academic institutions, is located within a two-mile radius of the property and have a combined total enrollment exceeding 15,000 students. This Burger King benefits from being situated on Interstate-54, with high visibility and ease of access, as downtown Wichita is within a 15-mile radius.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

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