437 N HILLSIDE ST, WICHITA, KS 67214-4917 For Sale

HIGH-YIELD 9.00% CAP RATE ABSOLUTE-NET STRUCTURE

Passive Investment With Zero Landlord Responsibilities; Tenant Covers All Operating Expenses Including Roof, Structure, And Capital Items

EXPERIENCED MULTI-UNIT FRANCHISE OPERATOR 51 TOTAL LOCATIONS

Corporate Guaranty Backed By Diversified Restaurant Portfolio Including 26 Spangles, 13 IHOP, And 12 Popeyes Locations

CORPORATE HEADQUARTERS LOCATION BELOW REPLACEMENT COST

Subject Property Serves As Spangles’ Corporate Headquarters, Anchoring Long- Term Operational Presence And Strategic Importance

10-YEAR LEASE WITH 10% RENTAL INCREASES

Built-In NOI Growth Provides Predictable Income Escalation Throughout The Base Term And Option Periods Infill Site Positioned On 16,988 SF Parcel With Established Infrastructure In A Mature Commercial Corridor

STRATEGIC WICHITA LOCATION | DENSE URBAN CORRIDOR

Located Along Hillside Street (11,010 VPD), A Primary North-South Arterial Providing Direct Access To Downtown Wichita And Surrounding Retail Nodes