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Budget Car and Truck Rental 8144 E Kellogg Dr

1,506 SF Retail Building Wichita, KS 67207 £851,631 (£565/SF) 6.49% Net Initial Yield

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Lease
  • New High-Quality 2023 Re-Construction
  • Excellent Frontage and Accessibility Along East Kellogg Avenue / U.S. Route 400 with More Than 45,900 Cars per Day
  • Five Percent Rental Increases Every Five Years Throughout the Lease Term with 10 Percent Increases in Each of Two, Five-Year Renewal Options
  • 168,073 Residents within a Five-Mile Radius - Growing Wichita Trade Area

Executive Summary

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. Budget Car and Truck Rental (“Budget”) is a globally recognized car rental company with a reputation for excellence and value. It is a leading truck rental company in the United States, serving both the value conscious consumer and light commercial sectors.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,506 SF
Building Class
C
Year Built
2023
Price
£851,631
Price Per SF
£565
Net Initial Yield
6.49%
NOI
£55,301
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
0.82 AC
Zoning
LC

Nearby Major Retailers

ALDI
Old Chicago Pizza
BJ's Restaurant & Brewhouse
Longhorn Steakhouse
Bubba's 33
Starbucks
Noodles & Company
The YMCA
Red Lobster
7 Brew Coffee

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
114-20-0-33-04-015.01
Land Assessment
£15,859
Improvements Assessment
£21,864
Total Assessment
£37,723
  • Listing ID: 33593580

  • Date on Market: 22/10/2024

  • Last Updated:

  • Address: 8144 E Kellogg Dr, Wichita, KS 67207

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