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Retail Portfolio (4) 2 Retail Properties Offered at $3,295,000 in Wichita, KS
Investment Highlights
- 4 Years of WALT Remaining | 93% Occupied | Scheduled Rental Increases | Corporate Signed Leases
- Pawnee Place Outparcels | Strong Placer.ai Rankings | Westway Marketplace | Dense Retail Corridor
- Signalized, Hard Corner Intersection | Excellent Visibility & Access
- NNN Leases | Fee Simple Ownership | Minimal Landlord Responsibilities
- Urban MSA Retail Opportunity | Strong Consumer Bases |High Barriers To Entry
- Strong Demographics in 5-mile Radius
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple land and building ownership interest in a NNN leased four tenant retail investment portfolio located in Wichita, Kansas. The tenants Advance Auto Parts, Action Rent to Own, and Dollar General have a weighted average term remaining of approximately 4 years. Advance Auto Parts tenants has additional options to extend, demonstrating their long term commitment to the site. The leases are structured as NNN with limited landlord responsibilities, making this an ideal low management investment opportunity for a passive investor.
Property Facts
| Price | $3,295,000 | Number of Properties | 2 |
| Price / SF | $141.71 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 23,251 SF |
| Status | Active | Total Land Area | 2.65 AC |
| Price | $3,295,000 |
| Price / SF | $141.71 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,251 SF |
| Total Land Area | 2.65 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 303 E Pawnee St, Wichita, KS 67211 | Retail | 17,555 SF | 1978 | - |
| 2424 S Broadway St, Wichita, KS 67216 | Retail | 5,696 SF | 2002 | - |
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Retail Portfolio (4)
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