Current Use by Public Records
- Family Dollar / Discount Store
Property Details for 1330 Oliver St
- Year built
- 2012
- Lot size
- 0.65 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple interest in an 8,320-square-foot Family Dollar store situated on a 0.65-acre lot in Wichita, Kansas. The property, built in 2012, is subject to a triple-net (NNN) lease with a remaining term of approximately 3.9 years, followed by six five-year options with 10% rent increases in each. The lease is corporately guaranteed by Family Dollar, a credit-rated tenant boasting a strong financial standing. The property enjoys a 100% occupancy rate and generates a substantial net operating income (NOI) of $88,592, resulting in an attractive 8.10% cap rate. Positioned at 1330 N Oliver St, Wichita, KS 67208, this location benefits from high traffic volume (over 16,000 vehicles daily) and excellent visibility. The surrounding area boasts strong demographics, including over 86,000 households and 209,000 people within a five-mile radius, further enhanced by its proximity to Wichita State University (approximately 0.5 miles away) with its 23,000+ student population. The property's performance is exceptional, ranking in the 92nd percentile of Family Dollar stores in Kansas and the 76th percentile nationwide, according to Placer.AI data. Nearby retailers include AutoZone, Circle K, O'Reilly Auto Parts, Church's Chicken, Dollar General, Metro by T-Mobile, and Capitol Federal Savings Bank. This is a rare opportunity to acquire a well-performing, strategically located retail property with a strong tenant and significant upside potential. The asking price is $1,093,730, translating to $131.46 per square foot.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2799
- Latitude
- 37.7076
