Restaurant

Applebee's

4760 S Broadway, Wichita, KS 67216

Listing Price: $2,230,769

Cap Rate
6.50%
Tenant Name
Legacy Apple III, LLC
Years Remaining On Lease
14.8
Gross SF
5,420
Guarantor
Franchisee Guarantee
Rentable SF
5,420
Price/Gross SF
$411.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.75

Investment Overview

The subject investment property is situated along South Broadway, which boasts average daily traffic counts of approximately 18,000 vehicles and intersects with E 47th Street, which brings an additional 28,000 vehicles into the immediate area on average daily. E 47th Street serves as an access route to Interstate-135 which brings a further 38,000 vehicles into the area. There are more than 50,000 individuals residing within a three-mile radius of the property and approximately 130,000 individuals within a five-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants and hospitality accommodations all within close proximity of this property. Major national tenants include: Starbucks, McDonald’s, Burger King, Taco Bell, Arby’s, Pizza Hut, Little Caesars, Wendy’s, Dominos, KFC as well as many other quick service restaurants. Additionally, there are eight hospitality accommodations within immediate proximity to the subject investment property. These include: Best Western, Holiday Inn, Quality Inn, Super 8, Springfield Inn and more. This property also benefits from being situated within a three-mile radius of Sprint AeroSystems Inc, the world’s largest 1st tier manufacturer, which employs over 15,000 individuals. There is a prominent distribution and production presence in the area surrounding this subject property. There are several industrial parks within a one-mile radius, most notably Pepsi-Cola Manufacturing which employs over 400 individuals and is less than half-a-mile from the site. This Applebee’s property is also situated within a three-mile radius from downtown Wichita, Kansas.

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: $2,230,769

Cap Rate
6.50%
Tenant Name
Legacy Apple III, LLC
Years Remaining On Lease
14.8
Gross SF
5,420
Guarantor
Franchisee Guarantee
Rentable SF
5,420
Price/Gross SF
$411.58
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.75

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 situated along South Broadway, which boasts average daily traffic counts of approximately 18,000 vehicles and intersects with E 47th Street, which brings an additional 28,000 vehicles into the immediate area on average daily. E 47th Street serves as an access route to Interstate-135 which brings a further 38,000 vehicles into the area. There are more than 50,000 individuals residing within a three-mile radius of the property and approximately 130,000 individuals within a five-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants and hospitality accommodations all within close proximity of this property. Major national tenants include: Starbucks, McDonald’s, Burger King, Taco Bell, Arby’s, Pizza Hut, Little Caesars, Wendy’s, Dominos, KFC as well as many other quick service restaurants. Additionally, there are eight hospitality accommodations within immediate proximity to the subject investment property. These include: Best Western, Holiday Inn, Quality Inn, Super 8, Springfield Inn and more. This property also benefits from being situated within a three-mile radius of Sprint AeroSystems Inc, the world’s largest 1st tier manufacturer, which employs over 15,000 individuals. There is a prominent distribution and production presence in the area surrounding this subject property. There are several industrial parks within a one-mile radius, most notably Pepsi-Cola Manufacturing which employs over 400 individuals and is less than half-a-mile from the site. This Applebee’s property is also situated within a three-mile radius from downtown Wichita, Kansas.

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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