Restaurant
Burger King | 10% Cap Rate | 3 Years Remaining
2309 S Seneca St, Wichita, KS 67213
Listing Price: $1,025,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 2,221-square-foot building on a 0.86-acre lot in Wichita, Kansas. With an estimated population of approximately 400,000, Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States.
The property has frontage on Seneca Street with multiple ingress and egress points to over 18,000 VPD. The property is in line with national retailers on Seneca St including Family Dollar, O'Reilly Auto Parts, KFC, Circle K, McDonald's, Starbucks, Wendy's, ALDI, and many more. The retail corridor includes a strip mall with over a dozen retailers including Harbor Freight, Chipotle, AutoZone, Ace Hardware, Arby's, and more.
The property is subject to an original 20-year absolute net lease with a strong guarantee from 51-unit Burger King franchisee Genish, Inc. The lease has four 5-year renewal options with five percent rental increases at each option.
Burger King | 10% Cap Rate | 3 Years Remaining
Investment Highlights
- Frontage on Seneca St in Dense Retail Corridor including Family Dollar, O'Reilly Auto Parts, McDonalds, Harbor Freight, ALDI & More
- Near the Intersection of S Seneca St and W Pawnee St with Traffic Counts over 18,000 and 20,000 VPD Respectively
- Three-Mile Population of 83,836
- Multiple Ingress and Egress Points with Access from Both Directions of Traffic
- Absolute Net Lease with 51-unit Guarantee
- Consistent Year Over Year Growing Population in Wichita Making it the Largest City in Kansas
Exclusively Listed By
Broker of Record
Listing Price: $1,025,000
Investment Highlights
- Frontage on Seneca St in Dense Retail Corridor including Family Dollar, O'Reilly Auto Parts, McDonalds, Harbor Freight, ALDI & More
- Near the Intersection of S Seneca St and W Pawnee St with Traffic Counts over 18,000 and 20,000 VPD Respectively
- Three-Mile Population of 83,836
- Multiple Ingress and Egress Points with Access from Both Directions of Traffic
- Absolute Net Lease with 51-unit Guarantee
- Consistent Year Over Year Growing Population in Wichita Making it the Largest City in Kansas
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 2,221-square-foot building on a 0.86-acre lot in Wichita, Kansas. With an estimated population of approximately 400,000, Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. The property has frontage on Seneca Street with multiple ingress and egress points to over 18,000 VPD. The property is in line with national retailers on Seneca St including Family Dollar, O'Reilly Auto Parts, KFC, Circle K, McDonald's, Starbucks, Wendy's, ALDI, and many more. The retail corridor includes a strip mall with over a dozen retailers including Harbor Freight, Chipotle, AutoZone, Ace Hardware, Arby's, and more. The property is subject to an original 20-year absolute net lease with a strong guarantee from 51-unit Burger King franchisee Genish, Inc. The lease has four 5-year renewal options with five percent rental increases at each option.
Exclusively Listed By
Broker of Record
