Corporately Guaranteed 15-Year NNN Land Lease

Vacant Land for Sale
Catylist Listing ID: 30270328
Property Subtypes: Retail
Gross Land Area: 2.30 Acres
Sale Price: $3,182,080
Unit Price: $1,383,513 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/17/2018

Overview / Comments

Description
2.3 Acre Site
Charlie's (formerly Green Lantern) Car Wash 15-year ground lease
New 15-year term
10% rent increases every 5 years of initial term
Renewal options with rent increases based on CPI
Lease is corporately guaranteed by Blue Beacon International, Inc.
Construction commencement May 1, 2018
Rent commencement October 1, 2018

Location
NW/c Kellogg & West Street
Traffic Counts: 87,200 VPD (Kellogg at West St)
Newly Completed (2017) Intersection

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,347 90,644 218,085
Median Age: 31.06 34.83 34.82
Households: 2,104 38,314 86,699

Contact

Photograph of Listing Agent

Troy Farha

NAI Martens
KSCRE Member
Photograph of Listing Agent

Grant Glasgow

NAI Martens
KSCRE Member
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