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Dunkin | Drive-Thru Equipped | NNN Leased 360-366 N Rock Rd 2,000 SF Retail Building Wichita, KS 67206 $1,833,000 ($916.50/SF) 6% Cap Rate
Investment Highlights
- Over 8 Years Remaining | Personal Guaranty |Scheduled Rental Increases
- Eastgate Plaza (407,000 SF) | Towne East Square (1,157,000 SF) |One Kellogg Place (528,000 SF) | Dense Retail Corridor
- NNN Leased | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Dunkin’ investment property located in Wichita, Kansas. The tenant, New Days, LLC., has over 8 years remaining in their initial lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 5.45% increases in October 2029, as well as a 3.45% increase in option 1 and a 3.33% in option 2, increasing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
2019
Price
$1,833,000
Price Per SF
$916.50
Cap Rate
6%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.29 AC
Zoning
LC - Limited Commercial
Parking
21 Spaces (10.5 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $210,860 | |
| Land Assessment | $42,200 | Total Assessment | $253,060 |
Property Taxes
Parcel Numbers
Land Assessment
$42,200
Improvements Assessment
$210,860
Total Assessment
$253,060
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Dunkin | Drive-Thru Equipped | NNN Leased | 360-366 N Rock Rd
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