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PetSmart 533 S Tracy St 26,988 SF Retail Building Wichita, KS 67209 $4,095,000 ($151.73/SF) 7.25% Cap Rate
Investment Highlights
- Corporate Lease with Tenant Revenues of $10+ Billion
- Recent Capital Improvements | Large 3.20 AC Parcel
- Highly Trafficked Retail Corridor Along Vietnam Veterans Memorial Hwy (96,600+ VPD)
- 25+ Year Operating History | NNN Lease
- Most-Visited PetSmart in Wichita | Top 10% Store Nationwide
- Largest City in Kansas | Metro Population of 650,000
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,988 SF
Building Class
B
Year Built
1997
Price
$4,095,000
Price Per SF
$151.73
Cap Rate
7.25%
NOI
$296,868
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Slab To Slab
12’
Building FAR
0.76
Lot Size
0.82 AC
Zoning
LC
Parking
240 Spaces (8.89 Spaces per 1,000 SF Leased)
Frontage
478’ on S Tracy St
Amenities
- Freeway Visibility
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $300,476 | |
| Land Assessment | $68,200 | Total Assessment | $368,676 |
Property Taxes
Parcel Numbers
Land Assessment
$68,200
Improvements Assessment
$300,476
Total Assessment
$368,676
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PetSmart | 533 S Tracy St
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