600 W 33rd St N - Freestanding FOR SALE


Wichita, KS 67204
$1,340,000 USD
312-269-0220
600 W 33rd St N, Wichita, KS for Sale
$1,340,000 USD
Freestanding - FOR SALE
1/7
null | 8% Cap Rate

600 W 33rd St N
Wichita, KS 67204


HIGHLIGHTS

  • Dark Family Dollar with 8 years remaining on the lease
  • Below replacement cost; opportunity to acquire the building below $146/sf, providing an investor a great redevelopment opportunity at a low basis
  • Target Household Income; Ideal household income of $67,000 within a 1 mile, perfectly positions the long-term success of Family Dollar
  • Located approximately 1 mile south of I-235 and 1 mile west of I-135; sees a combined 117,148 VPD
  • Conveniently located just 3.5 miles from Wichita State University, which has nearly 17,000 students

OVERVIEW

Quantum Real Estate Advisors, Inc. (“QREA”) has been retained to exclusively offer for sale a 9,180 square-foot single-tenant retail building located at 600 West 33rd Street N, Wichita, KS. The free-standing building, which was completed in 2022, is leased to Family Dollar on a 10-year net lease that features (6) 5-year options with rental increases every option period. The building sits on approximately 0.85 acres of land and is located on the corner of Arkansas Avenue and West 33rd Street North. The property is just 8 minutes from Wichita State University, which reported an enrollment of nearly 17,000 students in 2022, and 12 minutes from Downtown Wichita. The site possesses excellent visibility from Arkansas Avenue and West 33rd Street North, which see a combined 3,626 VPD. The property is also located just 1 mile south of Interstate-235 which sees an additional 46,463 VPD. Additionally, the site is located in a highly populated, middle-class area, with more than 140,455 residents and an average household income of $65,300 within 5 miles from the site. Surrounded by national and local retail tenants that include: Aldi, Walmart, Starbucks, Dillons, Tacos Chepe, Savute’s Italian Ristorante, and more.

FOR SALE DETAILS

PRICE

$1,340,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

LC

APN/PARCEL ID

099-32-0-13-03-036.00

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.