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For more information on this property, please contact:
Bradley Saville, CCIM PresidentLandmark Commercial Real Estate, Inc. 156 North Emporia, Wichita, KS 67202(316) 262-2442 - Office(316) 262-2696 - [email protected]
New BTS Construction 4040 S MERIDIAN, WICHITA, KS
NEW FAMILY DOLLAR IN WICHITA, KS15 YEAR NNN LEASE
(not actual store)
INVESTMENT HIGHLIGHTS
LAND AREA: 50,305 SF
LEASE TYPE: NNN
RENTABLE SF: 8,320 SF
YEAR BUILT: 2017
APPOX. OPENING DATE: JULY 2017
LOCATION HIGHLIGHTS:The site is located near the southeast corner of Meridian & MacArthur in Wichita, KS with a traffic count of approx. 15,500 vehicles per day.
LEASE HIGHLIGHTS:The store is scheduled to open in July of 2017. This is a 15 year NNNLease with a rent increase starting year11, and every five years after if the renewal option is exercised. The Lease features six 5 year renewal option terms with a 10% rental increase every five years.
***Prototype Sign***
PRICE: $1,315,680
CAP: 6.25%
RENT ROLL TERM MONTHLY YEARLY YEAR PSF
YRS 1-10 $6,852.50 $82,230.00 $9.88 per sq. ft. YRS 11-15 $7,196.83 $86,361.96 $10.38 per sq. ft. Option 1 $7,543.50 $90,522.00 $10.88 per sq. ft. Option 2 $9,276.67 $94,682.04 $11.38 per sq. ft. Option 3 $10,204.34 $98,842.08 $11.88 per sq. ft. Option 4 $11,224.75 $103,002.00 $12.38 per sq. ft. Option 5 $12,347.17 $107,162.04 $12.88 per sq. ft. Option 6 $13,581.92 $111,322.08 $13.38 per sq. ft.
Aerial View (Extended)
