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Burger King | DriveThru | Abs NNN 2309 S Seneca St 2,221 SF Retail Building Wichita, KS 67213 $1,471,000 ($662.31/SF) 7% Cap Rate
Investment Highlights
- Signalized, Hard-Corner Intersection | Near Walmart Market | Nearby Major Highways (Interstate 235, US-400, Interstate 135) | McConnell Air Force Base
- Owner-User Opportunity | Franchisee Guaranteed Lease
- Strong Demographics in 10-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Local Market | Major Employers | Aerospace Industry
Executive Summary
• Tenant, Genesh, Inc dba Burger King has just over a year remaining on their initial lease term
• Future owner-user opportunity as Burger King has only 1 year left of possible term with no plans to renew
• Lease features a franchisee guarantee from Genesh, Inc.
• Future owner-user opportunity as Burger King has only 1 year left of possible term with no plans to renew
• Lease features a franchisee guarantee from Genesh, Inc.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,221 SF
Building Class
C
Year Built
2006
Price
$1,471,000
Price Per SF
$662.31
Cap Rate
7%
NOI
$103,029
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.86 AC
Frontage
112’ on Seneca
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 129-31-0-44-02-002.00B | Improvements Assessment | $0 |
| Land Assessment | $20,875 | Total Assessment | $20,875 |
Property Taxes
Parcel Number
129-31-0-44-02-002.00B
Land Assessment
$20,875
Improvements Assessment
$0
Total Assessment
$20,875
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Burger King | DriveThru | Abs NNN | 2309 S Seneca St
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