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KFC Restaurant 2347 S Seneca St 4,176 SF Retail Building Wichita, KS 67213 $1,865,000 ($446.60/SF) 6.25% Cap Rate
Investment Highlights
- Over 9.5 years remaining on absolute NNN lease
- Seasoned location and operator
- Attractive 2.0% annual rent increases
- Abundant on-site parking of 48 spaces
Executive Summary
This freestanding KFC is located near the signalized intersection of South Seneca and Pawnee Street in Wichita, Kansas near other national fast food tenants such as McDonald's, Burger King, Taco Bell, Wendy's, Pizza Hut Long John Silver's and Chipotle. Over 9.5 years remaining on an absolute NNN lease with attractive 2.0% annual rent increases.
Experienced operator who is required to report annual store sales so reach out to listing agent to discuss.
Experienced operator who is required to report annual store sales so reach out to listing agent to discuss.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,176 SF
Building Class
C
Year Built/Renovated
1980/2017
Price
$1,865,000
Price Per SF
$446.60
Cap Rate
6.25%
NOI
$116,557
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.07 AC
Zoning
LC - Limited Commercial Zoning (LC)
Parking
48 Spaces (11.49 Spaces per 1,000 SF Leased)
Frontage
81’ on S Seneca St
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 129-31-0-44-02-059.00 | Improvements Assessment | $133,740 |
| Land Assessment | $35,325 | Total Assessment | $169,065 |
Property Taxes
Parcel Number
129-31-0-44-02-059.00
Land Assessment
$35,325
Improvements Assessment
$133,740
Total Assessment
$169,065
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