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Cracker Barrel: Wichita, KS 995 E 61st St N 9,915 SF Retail Building Park City, KS 67219 $4,010,645 ($404.50/SF) 5.85% Cap Rate
Investment Highlights
- Absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases.
- By visits, this Wichita location ranks among the top 20% of Cracker Barrel's in the state of Kansas, according to Placer.ai.
- The subject property is an excellent performer with strong sales.
- Located at the hard-corner, signalized intersection of East 61st Street North and Hattan Drive, immediately adjacent to Interstate 135.
Executive Summary
CBRE is pleased to exclusively offer for sale the 9,915-square-foot Cracker Barrel situated on 2.86 acres in Park City, KS - a component of the Wichita, KS MSA (MSA Population: 657,312). Cracker Barrel's absolute NNN lease features ±14.6 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,915 SF
Building Class
C
Year Built
1998
Price
$4,010,645
Price Per SF
$404.50
Cap Rate
5.85%
NOI
$234,623
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.86 AC
Zoning
C2 - Commercial
Parking
159 Spaces (16.04 Spaces per 1,000 SF Leased)
Frontage
279’ on East 61st Street North
Nearby Major Retailers
Property Taxes
| Parcel Number | 095-16-0-21-02-001.00 | Improvements Assessment | $256,075 |
| Land Assessment | $246,000 | Total Assessment | $502,075 |
Property Taxes
Parcel Number
095-16-0-21-02-001.00
Land Assessment
$246,000
Improvements Assessment
$256,075
Total Assessment
$502,075
Contacts
-
Brian Pfohl -
Thomas Carr -
Christopher Bosworth -
Cyrus Felfeli -
Katie Goldberg -
Leah Lindell -
Adam Tilton -
CBRE
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Cracker Barrel: Wichita, KS | 995 E 61st St N
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