NNN PetSmart Retail
533 S Tracy St Wichita, KS 67209
533 S Tracy St, Wichita, KS, 67209
Contact for pricing
For Sale
Contact for pricing
PetSmart operates on a NNN lease with recent roof and parking improvements on a 3.20-acre parcel.
Property Size26,988 SF
Lot Size3.20 Acres
Price / SF$151.73
Days on Market45
Property Features for 533 S Tracy St
General Information
- Standard status
- Active
- Size
- 26,988 SF
- Lot size
- 3.20 Acres
- Property subtype
- RETAIL
Listing agency
Northmarq | Baltimore
(918) 794-9523
Listed by
Ryan Butler
(918) 794-9523
Source
Moodyscre
Added: Jun 8 Updated: Jul 21 at 8:19PM Checked: Jul 21 at 8:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq | Baltimore
Investment Insights
Based on property information with market context.
This PetSmart retail property is offered for sale with the tenant operating under a NNN structure. The store has been in operation at the site since 1998, and recent capital improvements include a new roof installed in 2021 with a 20-year warranty, along with parking lot reseal and re-striping completed in 2025. The property is situated on a 3.20-acre parcel and contains 26,988 square feet of retail space.
The address is 533 S Tracy St, Wichita, KS 67209. The tenant is PetSmart, operating a specialty pet retail format with in-store services. Placer.ai reporting indicates approximately 304,000 visits over the past 12 months, placing the location among the top 10% of “Pet Stores & Services” PetSmart stores nationwide, and the best-performing PetSmart in Wichita based on visits and sales.
With the existing tenant and NNN lease setup, landlord responsibilities are described as minimal under the current structure.
The address is 533 S Tracy St, Wichita, KS 67209. The tenant is PetSmart, operating a specialty pet retail format with in-store services. Placer.ai reporting indicates approximately 304,000 visits over the past 12 months, placing the location among the top 10% of “Pet Stores & Services” PetSmart stores nationwide, and the best-performing PetSmart in Wichita based on visits and sales.
With the existing tenant and NNN lease setup, landlord responsibilities are described as minimal under the current structure.
Key Highlights
- PetSmart corporate lease with tenant revenues reported at $10+ billion annually
- NNN lease structure with PetSmart operating at the location since 1998
- 3.20‑acre parcel with recent capital improvements including a new roof installed in 2021 (20‑year warranty)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $430.7k | $15.96 |
| − Vacancy | −$36.6k | −$1.36 |
| EGI | $394.1k | $14.60 |
| − OpEx | −$118.2k | −$4.38 |
| NOI | $275.9k | $10.22 |
26,988 SF · lease $15.96/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.94M
$3.45M – $4.60M
NOI $275,882 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.85M – $7.80M
NOI $467,762 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
PetSmart
(Bike/Boat/Book/etc) Store
Banfield Pet Hospital
Veterinary Clinic
TagWorks
(Bike/Boat/Book/etc) Store
PetSmart Grooming
Pet Grooming Service
PetSmart Dog Training
Animal Training
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - PetSmart operates on a NNN lease with recent roof and parking improvements on a 3.20-acre parcel.
Where is this retail space located?
The property is located at 533 S Tracy St Wichita, KS.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: PetSmart corporate lease with tenant revenues reported at $10+ billion annually; NNN lease structure with PetSmart operating at the location since 1998; 3.20‑acre parcel with recent capital improvements including a new roof installed in 2021 (20‑year warranty)
