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27602043
27602044

13534 W Maple St, Wichita, KS 67235

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$3,333,333
26 days on market
Updated 26 days ago

9.75 Cap I Dense Market I Affluent Area

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Net Rentable (SqFt) 14,820
Units 1
Cap Rate 9.75%
NOI $325,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 05/30/2030
Remaining Term 4
Rent Bumps No
Broker Co-Op Yes
Class A
Year Built 2005
Buildings 1
Stories 1
Acreage 2.000
Parking Spaces 83 spaces
Parking Per SqFt 5.60
Investment Type Net Lease
Lease Commencement 05/27/2005
Occupancy Date 05/27/2005
Ground Lease No
Ownership Fee Simple

Active Retail Corridor I Population Growth

Investment highlights

Absolute NNN Walgreens w/ No Landlord Responsibilities —- Absolute NNN Walgreens with 4.5 Years of Lease Term Remaining, Ideally Situated at the Busy, Signalized Intersection of West Maple Street and 135th Street NW, Benefiting From Strong Visibility and Traffic Counts Exceeding 15,000 Vehicles Per Day

Active Shopping Node w/New Retail Development —- Prime Location within a Vibrant Retail Hub, Surrounded by a Diverse Lineup of National Brands such as Dillon’s, Starbucks, Sonic, Sherwin-Williams, Dollar Tree, Scooter’s, and Additional Well Known Retailers

Dense, Highly Affluent, Golf-Course Anchored Community —- Situated in Auburn Hills, One of Wichita’s Premier and Most Affluent Neighborhoods, with an Average Household Income Over $155,000, and Anchored by the Renowned Auburn Hills Golf Course

High Growth Surrounding Area —- The Surrounding Area is Undergoing Strong Population Growth, with the 1-Mile Radius Expected to Grow Nearly 4% from 2024 to 2029, Driving Continued Customer Expansion and Long Term Store Stability

Largest City In The State of Kansas —- Ideally Positioned in Wichita, the Largest City in Kansas with a Population Approaching 400,000, Located Just 15 Minutes from the Heart of Downtown Wichita

Minutes From Dwight D. Eisenhower Airport —- Situated Just 5 Miles From Dwight D. Eisenhower Airport, the Largest and Busiest Airport In Kansas, which Handles Over 1.8 Million Passengers Annually

Listing Contacts

MC
NY 10401311477
Marcus & Millichap - Manhattan
CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,000.00
$27,083.33/mo

Valuation Metrics

0
DSCR
9.75%
Cap Rate
9.75%
ROI

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Additional Information

Name
Colby Haugness
License
KS 241410
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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