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Bldg. 2 555 N Carriage Pky 4,706 SF 100% Leased Retail Building Wichita, KS 67208 $1,555,477 ($330.53/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 2-Tenant NNN Investment Opportunity - Ease of Management - Strong/Reliable Tenants
- High Traffic / Main Thoroughfare Location
- Ellianos Coffee ( New 15 Year NNN Lease Pending, Ask Broker for Details)
- Ideally Located Shopping Destination - Near Downtown, Airport, and Wichita State University
EXECUTIVE SUMMARY
2-Tenant NNN Investment Opportunity - Ease of Management - Strong/Reliable Tenants
Ellianos Coffee ( New 15 Year NNN Lease Pending, Ask Broker for Details)
Elevated Boutique (dba Sister Moses Boutique & The Vintage Sister)
High Traffic / Main Thoroughfare Location
The Subject Property is located off Central Avenue (31,487 VPD), which is a main thoroughfare road within the overall trade area and leads directly into Downtown Wichita
Located within 1 mile of US Route 400 (77,000 VPD)
Ideally Located Shopping Destination - Near Downtown, Airport, and Wichita State University
Located 1.5 Miles from Wichita State University
Located 3 Miles from Downtown Wichita
Located 8 Miles from Dwight D. Eisenhower National Airport
Infill / Dense Demographics
There are over 214,980 permanent residents living within a 5 mile radius of the Subject Property
Wichita Top Rankings
The Greater Wichita region is a region on the rise, regularly appearing at the top of national rankings across a wide range of industry and quality of life indicators.
#1 for Growth of Jobs Over the last 10 years; 2009-2019 (Brookings, 2020)
Top 10 in Growth of Business Productivity Over the last 10 years; 2009-2019 (Brookings 2020)
Named one of the Best-Ran Cities in the U.S. Based on financial stability, education, healthy, safety, economy, infrastructure and pollution (WalletHub 2023)
Wichita is the 4th Best City to Move to in 2024 based on housing, crime rates, air quality, quality of education, median income, employment rates, weather, entertainment establishments, average commute time and net migration to the city. (Forbes 2024)
Ellianos Coffee ( New 15 Year NNN Lease Pending, Ask Broker for Details)
Elevated Boutique (dba Sister Moses Boutique & The Vintage Sister)
High Traffic / Main Thoroughfare Location
The Subject Property is located off Central Avenue (31,487 VPD), which is a main thoroughfare road within the overall trade area and leads directly into Downtown Wichita
Located within 1 mile of US Route 400 (77,000 VPD)
Ideally Located Shopping Destination - Near Downtown, Airport, and Wichita State University
Located 1.5 Miles from Wichita State University
Located 3 Miles from Downtown Wichita
Located 8 Miles from Dwight D. Eisenhower National Airport
Infill / Dense Demographics
There are over 214,980 permanent residents living within a 5 mile radius of the Subject Property
Wichita Top Rankings
The Greater Wichita region is a region on the rise, regularly appearing at the top of national rankings across a wide range of industry and quality of life indicators.
#1 for Growth of Jobs Over the last 10 years; 2009-2019 (Brookings, 2020)
Top 10 in Growth of Business Productivity Over the last 10 years; 2009-2019 (Brookings 2020)
Named one of the Best-Ran Cities in the U.S. Based on financial stability, education, healthy, safety, economy, infrastructure and pollution (WalletHub 2023)
Wichita is the 4th Best City to Move to in 2024 based on housing, crime rates, air quality, quality of education, median income, employment rates, weather, entertainment establishments, average commute time and net migration to the city. (Forbes 2024)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
4,706 SF
Building Class
C
Year Built
1986
Price
$1,555,477
Price Per SF
$330.53
Cap Rate
9%
NOI
$139,993
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.52 AC
Zoning
Limted Commerical
Parking
8 Spaces (1.69 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 126-13-0-43-02-006.00 | Improvements Assessment | $74,375 |
| Land Assessment | $21,300 | Total Assessment | $95,675 |
