245 West St, Wichita, KS 67212

This exceptional investment opportunity presents a fee-simple ownership interest in an 8,320-square-foot Family Dollar store located at 245 N West St, Wichita, KS. Built in 2014 on a 0.84-acre lot, the property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $83,200. The property is subject to a Net Lease (NN) agreement with Family Dollar, a subsidiary of Dollar Tree, Inc., with a remaining lease term of 4.9 years, plus a recently executed 5-year extension commencing October 1, 2024, and six additional 5-year renewal options. The lease includes 100% reimbursement for insurance, taxes, and common area maintenance (CAM), with landlord responsibilities limited to roof and structural components. Rent increases are built into the lease extensions, providing a hedge against inflation. The property benefits from a prime location on a high-traffic corner, with over 25,000 vehicles passing daily, in a low-vacancy (4.8%) neighborhood retail corridor. The strong financial performance of Family Dollar, coupled with the long-term lease and favorable market conditions, makes this a compelling investment opportunity with significant potential for long-term returns. The property is a single-story building with one unit. The lease commenced July 31, 2014, and is set to expire September 30, 2029. The asking price is $1,188,000, translating to a price per square foot of $142.79.