Property summary
This exceptional investment opportunity presents a fee-simple, single-tenant retail property in El Dorado, Kansas. The 2,860 square foot building, constructed in 2008, is 100% occupied by a Burger King franchisee under a triple-net (NNN) lease with zero landlord responsibilities. The current lease, commencing June 13, 2008, has a remaining term of approximately 3.5 years, followed by four, five-year options. Rent increases by 5% every five years, ensuring consistent income growth. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $92,610. Situated on a 0.78-acre lot, this prime retail location benefits from high visibility on West Central Avenue, a major thoroughfare with over 12,000 vehicles per day. Its convenient location on a Walmart outparcel further enhances its appeal. The franchisee, operating successfully since 2008, contributes to the property's stable and predictable cash flow. This is an ideal investment for those seeking a passive income stream with minimal management requirements and significant upside potential. El Dorado's proximity to Wichita, Kansas (less than 30 minutes away) adds to the property's strategic value. The property is a one-story building on a single lot.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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