Family Dollar Investment

Retail-Commercial for Sale
Catylist Listing ID: 30291372
Property Subtypes: Free-Standing Building
Building Status: Under Construction
Building Size (RSF): 8,320 SF
Gross Building Area: See Agent
Sale Price: $1,185,186
Unit Price: $142.45 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 12/16/2018

Overview / Comments

New construction 10 year Lease, store opens June 28th, 2018

Current Tenants

Tenant Business Name Family Dollar
Current Rent $80,000 PSF (Annual)
Options Option 1 $7,000.00/mo ($84,000.00/year) Option 2 $7,350.00/mo ($88,200.00/year) Option 3 $7,717.50/mo ($92,610.00/year) Option 4 $8,103.42/mo ($97,241.04/year) Option 5 $8,508.59/mo ($102,103.08/year) Option 6 $8,934.00/mo ($107,208.00/year)

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Seneca
Feet of Frontage: 287
Traffic/Vehicle Count: 14,000
Area Description: Located at the northeast corner of 2nd & Seneca in Wichita, KS
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,320 SF
Property Condition: Excellent
Year Built: 2018
Construction/Siding: Brick/Aluminum Siding
Total Parking Spaces: 29
Zoning Description: GC
Lot Frontage: 287
Lot Depth: 125

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,575 115,670 245,149
Median Age: 33.94 33.77 33.61
Households: 6,056 47,033 98,509

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