4794 E 13th St N
Wichita, KS 67208
American Freight Distribution Center · Retail Property For Sale

The subject property is a 36,000 square-foot single tenant asset located in the heart of Wichita, Kansas. The tenant is American Freight, a national credit tenant with 150 locations. American Freight is a privately held company which is owned by the Jordan Company, an $8 billion private equity fund which acquired American Freight in 2014 and then expanded it by adding 60 locations. American Freight is a large furniture wholesaler selling directly to retail distributors. The improvements, a former Walmart Neighborhood Grocery, sits on 3.71 acres of ground with traffic counts in excess of 30,000 VPD. There is an undeveloped approximately 30,000 square-foot pad on the eastern edge of the property that is not included with this offering. There is one loading dock with that includes two roll-up doors. Wichita is a growing mid-western city of 389,00 people and accommodates the headquarters of numerous nationally recognized companies and installations including Cessna Aircraft, Koch Industries, Spirit Aerosystem, Bombardier Learjet, and McConnell Air Force Base. It is also home of Wichita State University, Kansas State University, and University of Kansas. Wichita metro is home to over 8,000 engineers and engineering technicians which is one of the highest concentrations in the United States. Considering the 100 largest metro areas in the United States, Wichita is #1 in manufacturing jobs on a percent of all jobs; #3 in percent of manufacturing jobs classified as “high-tech” (2014); #22 in jobs classified as science, technology, engineering and math (2013). Money magazine listed Wichita as “one of the best cities in the United States to live”. This investment opportunity offers the investor a solid credit tenant with a substantial below market rental rate, located on a huge parcel with high traffic counts, and the potential to develop an additional pad site.