KS Wendy's Riffel Dr 3019 Riffel Drive, Salina, KS Cap Rate 5.5% Salina (Wichita, Kansas, US ) Built

$2,291,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,087 sq. ft.
  • Development Level: Built
  • Year Built: 2004

Description

KS Wendy's Riffel Dr 3019 Riffel Drive, Salina, KS Cap Rate 5.5%

Cap Rate: 5.5%
NOI: $126,000
Building Size: 3,087 sqft
Occupancy: 100%
Year Built: 2004

Price: $2,291,000 USD

DESCRIPTION
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, franchisee guaranteed, drive-thru equipped, Wendy’s investment property located in Salina, Kansas. The tenant, Legacy Restaurant Group, LLC, will sign a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features a 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Legacy Restaurant Group, LLC has over 25 years of experience as a Wendy’s franchisee currently operating 51 locations, making them one of the top franchisees for Wendy’s in the state of Kansas.

Wendy’s is located along S Old Highway 81, a major commuter thoroughfare and the primary retail corridor traveling throughout Salina. The building is complete with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The property benefits from nearby direct on/off ramp access to Interstate 135 (24,200 VPD), the primary north/south freeway traveling through Salina. The site is strategically positioned between Walmart Supercenter and Lowe’s Home Improvement, two big-box tenants that significantly increase consumer draw to the immediate trade area and promote crossover store exposure for the site. Other nearby national/credit tenants include Target, Sam’s Club, Menards, Kohl’s, Ross Dress for Less, Marshalls, Petco, and more, further increasing consumer traffic to the trade area. In addition, the quick-service restaurant is located within a hospitality cluster comprised of 10+ hotels, which provides a strong consumer base to draw from. Notable hotels within the 3-mile radius include Hilton Garden Inn, Holiday Inn, Courtyard by Marriott, Hampton Inn, and more. Moreover, Wendy’s is surrounded by several apartment complexes including Market Place (43 units), The Ridge of Salina (296 units), The Reserves at Prairie Glen (96 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by more than 46,000 residents and 31,000 daytime employees with an average household income of $65,000.

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#444387393
top
Information is deemed to be correct but not guaranteed.