Wichita, KS - Dunkin'

Description:

SRS Real Estate Partners, LLC in collaboration with Goldman Investment Advisors, Inc. is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Dunkin’ investment property located in Wichita, Kansas. The tenant, New Days, LLC., has over 8 years remaining in their initial lease term with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 5.45% increases in October 2029, as well as a 3.45% increase in option 1 and a 3.33% in option 2, increasing NOI and hedging against inflation. The lease is NNN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for an out of state investor.

The property is located along N Rock Rd, a major retail thoroughfare serving the city of Wichita which averages 26,200 vehicles passing by daily. The Dunkin’ is situated just north of U.S. Highway 54 & 400, a major east/west travelling highway averaging 80,500 VPD. Additionally, the asset is positioned just north of Eastgate Plaza, a 407,000 square foot power center anchored by T.J. Maxx, ALDI, Burlington Coat Factory, and more. Furthermore, the site situated just down the road from Towne East Square, a 1,157,000 square foot super regional mall anchored by Dillard’s, JCPenney, and more. Moreover, the Dunkin’ is located a few miles northwest of One Kellogg Place, a 528,000 square foot power center anchored by a Walmart Supercenter, Lowe’s Home Improvement, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Scheels, Costco Wholesale, HobbyTown, Planet Fitness, Ashley Furniture, Dollar Tree, Dollar General, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 176,100 with an average household income of $93,478.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002ic3dYAA