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2150 W 21st St
Wichita, KS 67203

Burger King · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
1,896 SF
Building Class
B
Year Built
2006
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
0.89 AC
Zoning
LC
Parking
46 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
92 ft on W 21st St

About 2150 W 21st St , Wichita, KS 67203

Marcus & Millichap is pleased to present a Burger King restaurant located in Wichita, Kansas with eight years remaining on the original 20-year, absolute triple net lease. Burger King has been operating at this location since 1976, and signed an amended 20-year lease in 2006, showing commitment to the site. This site is operated and guaranteed by Genesh, Inc., a Kansas-Based Franchisee of Burger King Corporation (55 Restaurants in Kansas and Missouri). This drive-through location was built in 2006 with a total of 1,896 square feet gross leasable area, situated on a 0.92 acre lot as an outparcel of the Sweetbriar Shopping Center. This site is exposed to over 17,000 vehicles per day on West 21st Street, while Amidon Street sees the same number with 17,000 vehicles per day as well. Burger King operates within an extremely dense trade area with an impressive list of national retail tenants such as Arby’s, Subway, AutoZone, Little Caesar’s, Long John Silver’s, CVS, Domino’s, McDonald’s, Sutherlands, Fidelity Bank, ALDI, Starbucks, Walmart, Hardee’s, Planet Fitness, Dollar Tree, Kansas State DMV, Goodwill, Taco Bell, Dillon’s, T-Mobile, Wendy’s, as well as more local/regional stores. This dense retail corridor has limited land for redevelopment relocation and is surrounded by residential neighborhoods that include multiple multifamily developments (Pelican Point, Marina Point Apartments, Twin River Apartments, and Twin Lakes Apartments). The nearest Burger King is over 2.5 miles away. There are 65,189 people within a three-mile radius and the household income in the one-three-five-mile radiuses average close to $50,000. The site is 1.5 miles off the 135 interstate highway and is four miles West of Wichita State University (15,000 students are straight down 21st Street). This Burger King allows for the potential investor to enjoy passive, guaranteed cash flow from an investment grade tenant in a growing market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
123-06-0-34-01-018.00
Land Assessment
£23,925
Improvements Assessment
£75,988
Total Assessment
£99,913
  • Listing ID: 13708046

  • Date on Market: 06/09/2018

  • Last Updated:

  • Address: 2150 W 21st St, Wichita, KS 67203

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