East 61st St N, Wichita, KS 67219 For Sale

ABSOLUTE NNN LEASE WITH ANNUAL RENT INCREASES

Cracker Barrel's absolute NNN lease features ±14.1 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options.

EXCELLENT PERFORMER

The subject property is an excellent performer with strong sales.

TOP VISITED LOCATION | #2 CRACKER BARREL IN THE STATE OF KANSAS

By visits, this Wichita location ranks among the top 20% of Cracker Barrel's in the state of Kansas, according to Placer.ai.

EXCELLENT INTERSTATE ACCESS & VISIBILITY

Situated approximately 7 miles north of downtown Wichita, Cracker Barrel is positioned at the hard-corner, signalized intersection of East 61st Street North (11,500 VPD) and Hattan Drive, immediately adjacent to Interstate 135 (32,500 VPD) access.

STRATEGIC LOCATION

The site is immediately adjacent to Spangles and Don Hattan Chevrolet, with QT and Subway directly across East 61st Street. Neighboring businesses include Taco Bell, Wendy's, Sleep Inn & Suites (71 rooms), Best Western (88 rooms), Applebee's, Super 8 (59 rooms), McDonald's, Holiday Inn Express (110 rooms), AutoZone, Leeker's Family Foods, Sinclair, Sonic, Pizza Hut, Stryv Bank, Phillips 66 and Kansasland, to name a few. The site is also within walking distance to Chisolm Trail Elementary School (417 students).

PROXIMATE TO MAJOR DEVELOPMENT

Cracker Barrel benefits from its proximity to two significant mixed-use developments in Wichita. Park Centre, a 58-acre project, will feature a 170-unit apartment complex, a 54-unit town home complex, a 50-unit senior living center, and 96,000 square feet of leasable commercial space. Champtown Addition, a 160-acre development with an estimated cost of $500M, will include a 180-room hotel, 132,000 square feet of retail space, and an athletic facility with baseball and softball fields, as well as an aquarium. Both developments are currently under construction.