Office for Sale in Wichita, KS

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Wichita, KS 67214

Description

HIGH-YIELD 9.00% CAP RATE ABSOLUTE-NET STRUCTURE Passive Investment With Zero Landlord Responsibilities; Tenant Covers All Operating Expenses Including Roof, Structure, And Capital Items EXPERIENCED MULTI-UNIT FRANCHISE OPERATOR - 51 TOTAL LOCATIONS Corporate Guaranty Backed By Diversified Restaurant Portfolio Including 26 Spangles, 13 IHOP, And 12 Popeyes Locations CORPORATE HEADQUARTERS LOCATION BELOW REPLACEMENT COST Subject Property Serves As Spangles’ Corporate Headquarters, Anchoring Long- Term Operational Presence And Strategic Importance 10-YEAR LEASE WITH 10% RENTAL INCREASES Built-In NOI Growth Provides Predictable Income Escalation Throughout The Base Term And Option Periods Infill Site Positioned On 16,988 SF Parcel With Established Infrastructure In A Mature Commercial Corridor STRATEGIC WICHITA LOCATION DENSE URBAN CORRIDOR Located Along Hillside Street (11,010 VPD), A Primary North-South Arterial Providing Direct Access To Downtown Wichita And Surrounding Retail Nodes Investment Highlights: • High-Yield 9.00% Cap Rate Absolute-Net Structure • Corporate Headquarters Location • 10-Year Lease With 10% Rental Increases • Experienced Multi-Unit Franchise Operator | 51 Total Locations • Below Replacement Cost • Strategic Wichita Location | Dense Urban Corridor

Market Context

This office in Wichita, KS is listed for sale. It is offered at an approximate 9.0% capitalization rate, a key benchmark for income-producing office assets. It has been on the market for 46 days. Compare it against other office listings for sale in Wichita, KS — <a href="/search/sale/office/kansas/wichita">view the full market</a>.

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