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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
Property Facts
Amenities
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
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.
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
Parcel Number | 213-05-0-22-04-015.00 | Improvements Assessment | $36,300 |
Land Assessment | $35,675 | Total Assessment | $71,975 |
PROPERTY TAXES
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LITTLE CAESARS & WINGSTOP – WICHITA, KS | 2548 S Seneca St
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