Restaurant

Rib Crib BBQ

500 Ridge Rd S, Wichita, KS 67209

Listing Price: $2,373,847

Cap Rate
7.00%
Tenant Name
Rib Crib
Years Remaining On Lease
10.8
Gross SF
4,699
Guarantor
Corporate Guarantee
Rentable SF
4,699
Price/Gross SF
$505.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.36

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rib Crib located at 500 Ridge Road South in Wichita, Kansas. The site consists of roughly 4,699 rentable square feet of building space and has 11.3 years left on a triple-net (NNN) lease. The initial annual rent will be $166,169 which experiences five percent (5%) rental increases every five (5) years, continuing throughout the three (3), five (5)-year tenant renewal options.

Investment Highlights

  • Tenant Renewal Options: Three (3) Periods of Five (5) Years...
  • Dense Retail Corridor| Walmart, The Target, Lowes, IHOP, Wendys...
  • 11.3 Years Remaining On An Absolute Triple Net (NNN) Lease; Passive

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: $2,373,847

Cap Rate
7.00%
Tenant Name
Rib Crib
Years Remaining On Lease
10.8
Gross SF
4,699
Guarantor
Corporate Guarantee
Rentable SF
4,699
Price/Gross SF
$505.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$35.36

Investment Highlights

  • Tenant Renewal Options: Three (3) Periods of Five (5) Years...
  • Dense Retail Corridor| Walmart, The Target, Lowes, IHOP, Wendys...
  • 11.3 Years Remaining On An Absolute Triple Net (NNN) Lease; Passive

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Rib Crib located at 500 Ridge Road South in Wichita, Kansas. The site consists of roughly 4,699 rentable square feet of building space and has 11.3 years left on a triple-net (NNN) lease. The initial annual rent will be $166,169 which experiences five percent (5%) rental increases every five (5) years, continuing throughout the three (3), five (5)-year tenant renewal options.

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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