Goddard Retail

Retail-Commercial for Sale
Catylist Listing ID: 30273557
Property Subtypes: Garden Center, Mixed Use, Restaurant, Other
Building Size (RSF): 6,100 SF
Gross Land Area: 48,000 SF
Sale Price: $395,000
Unit Price: $64.75 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Goddard Retail
Usable Size (USF): 6,100 SF
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Cap Rate: 6.6%
Average Occupancy Rate: 100
Last Updated: 9/4/2019

Overview / Comments

This 6,100 square foot retail building is located in the City of Goddard, Kansas, on a fenced 48,000 square foot city lot. It is serviced by the city’s utilities. This building was built in three stages which resulted in essentially three individual buildings. They consist of a retail area in the front portion measuring approximately 2,400 square feet, an office and work area in the middle of the building measuring approximately 1,200 square feet, and a warehouse area in the back measuring approximately 2,500 square feet. Storm damage in 2013 resulted in a new roof over the entire building and completely new construction of the warehouse partition of the building. The building is wired with 480 Volt/ three phase power.Seller willing to lease back at $30,000 annually, for three years, and pay utilities, insurance, and maintenance.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Taxing Authority: State, County, City
Tax ID/APN: 149300430000402
Retail Clientele: Business, Traveler, Other
Property Located Between: In Goddard on US 54 Hwy
Property Visibility: Excellent
Largest Nearby Street: US 54 Hwy
Feet of Frontage: 240
Traffic/Vehicle Count: 19,610
Highway Access: US 54 Hwy
Airports: Eisenhower International
Site Description: This property is located on US 54 Hwy on Kellogg Drive. It is situated on a city lot that is 240’ (W) X 200’ (D). The lot exterior perimeter is fenced with a secure fence, with ingress/egress gates on both sides of the building. It is not in a flood plane, and is located in a commercial and growing area of the city’s main retail area. The zoning is a C-2 (Commercial Business District) zoning. Some of the neighboring businesses are O’Reilly Automotive, Kwik Trip, Orscheln Farm and Home, Adam’s Electric and Plumbing, Auburn Hills Wine and Spirts, Credit Union of America, Prairie Ridge Animal Hospital, and Burwell Construction to mention a few.
Area Description: Goddard is located in the South Central part of Kansas just west of Wichita on US-54/400 Highway in Sedgwick County. Goddard is a fast growing community and was recognized as the fastest growing city in Kansas by the U.S. Census in 2010. As a city they strive to provide the best in quality to their residents, both in community as well as city services. Whether you are a current resident, visitor, or considering moving to Goddard, the city staff and employees are ready to serve you. It's all about quality!
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,100 SF
Property Condition: Excellent
Year Built: 1970
Year Renovated: 2013
Roof Type: Hip
Construction/Siding: Steel Frame
Exterior Description: The overall building size is 50’ X 122”. The front part of the building is constructed with a wood interior frame with a steel roof and siding. The back portion of the building, which was reconstructed in 2013, has a steel frame with a steel roof and siding. The retail section of this building has a glass frontage, and glass sides for maximum customer visibility.
Total Parking Spaces: 25
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: There is adequate off street parking near the front door, and on street parking on W. Kellogg Drive. Should additional parking be necessary, there is adequate parking space inside of the secured and fenced area.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: The retail interior is approximately 2,400 square feet, with glass windows on both sides of the building. The floor is concrete, and has a packaged heating/cooling system. It features a bathroom, and has window access to the work area in the middle of the building. The walls are insulted and painted drywall, with open rafters. The middle section, or work area has two offices, one bathroom, and houses the HVAC, as well as an electrical panel, for the building. The work area also has walk-through and a rollup garage door that connects to the warehouse. The warehouse area of this building is insulated, and well lite. It has direct exterior assess though a walk-through door and garage door. All floors throughout the building are concrete, and all sections of the building is well lighted.
Zoning Description: C-2 Central Business District
Lot Frontage: 240'
Lot Depth: 200'
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Utilities
Easements Description: Standard Utility Providers
Land Ownership: Individual
Legal Description: BEG N LI US 54 HWY & 1607.42 FT W OF E LI OF SE1/4 TH N 250 FT W 240 FT S 250 FT E 240 FT TO BEG EXC S 50 FT SEC 30-27-2W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,383 5,530 20,174
Median Age: 31.57 31.73 35.83
Households: 1,151 1,825 6,744


Photograph of Listing Agent

Royce Jantz

Nikkel & Associates
KSCRE Member
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