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LITTLE CAESARS & WINGSTOP – WICHITA, KS 2548 S Seneca St

4,000 SF 100% Leased Retail Building Wichita, KS 67217 $1,830,000 ($458/SF) 6.50% Cap Rate

Investment Highlights

  • Recently Remodeled Building & Long Term NNN Leases
  • PLACER.AI: #1 Little Caesars in the state of Kansas and in the top 83% Nationally
  • TRAFFIC COUNTS: Over 31,000 VPD at the Intersection of Seneca Street & Pawnee Ave.
  • 5% Rental Increases Every 5 years
  • PLACER.AI: #2 Wingstop in the state of Kansas and in the top 85% Nationally

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built/Renovated
1965/2022
Price
$1,830,000
Price Per SF
$458
Cap Rate
6.50%
NOI
$118,980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Land Acres
0.50 AC
Zoning
Commercial
Frontage
101 FT on S Seneca St

Amenities

  • Restaurant
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 2,102 SF
  • $25.00
  • Triple Net
  • Sep 2032

Little Caesars® Pizza is one of the most iconic brands in the world. With throughout countries and territories across the globe, Little Caesars® Pizza is beloved by millions. Their signature Hot-N-Ready® model allows customers to walk in-and-out in seconds or less with an affordable pizza that is as fresh as it is delicious. In the billion dollar worldwide pizza industry, Little Caesars® Pizza stands out as a brand that has a legacy of helping franchisees thrive, and a path towards an even brighter future of strong growth. Little Caesars® Pizza offers world class support and makes significant investments in new technology to help your business stay relevant with customers. With a straightforward business model enhanced by a strong culture of support and state-of-the-art technology.

  • Accommodation and Food Services
  • 1,898 SF
  • $35.00
  • Triple Net
  • Sep 2035

Wingstop is a high-growth franchisor and operator of restaurants that specialize in cooked-to-order, handsauced and tossed chicken wings. Founded in 1994 in Garland, Texas, they pioneered the concept of wings as a “center-of-the-plate” item for all of meal occasions. They offer numerous bold, distinctive and craveable flavors on bone-in and boneless chicken wings paired with hand-cut, seasoned fries and sides made fresh daily. Their menu is highly customizable for different dining occasions, and they believe it delivers a compelling value proposition for groups, families, and individuals.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 2,102 SF $25.00 Triple Net Sep 2032
Accommodation and Food Services 1,898 SF $35.00 Triple Net Sep 2035

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
213-05-0-22-04-015.00
Land Assessment
$35,675
Improvements Assessment
$36,300
Total Assessment
$71,975
  • Listing ID: 33194452

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 2548 S Seneca St, Wichita, KS 67217

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