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Cracker Barrel: Wichita, KS 995 E 61st St N 9,915 SF Retail Building Park City, KS 67219 $5,641,622 CAD ($569.00 CAD/SF) 5.75% 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 ±14.9 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
$5,641,622 CAD
Price Per SF
$569.00 CAD
Cap Rate
5.75%
NOI
$324,393 CAD
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 | $359,468 CAD |
| Land Assessment | $345,325 CAD | Total Assessment | $704,793 CAD |
PROPERTY TAXES
Parcel Number
095-16-0-21-02-001.00
Land Assessment
$345,325 CAD
Improvements Assessment
$359,468 CAD
Total Assessment
$704,793 CAD
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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