Property profile

2743 Central Ave El Dorado, KS 67042

OFF-MARKET
Drive through restaurants
Property ID
US33-0158135
2,695 SF 0.8 ac lot Built 2008
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2008
Construction WOOD
Total area 2,695 SF
Lot 0.8 ac (34,848 SF)
APN 008-212-04-0-00-33-001.01-0
UPID US33-0158135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

2743 Central Ave El Dorado, KS 67042-3217
El Dorado metro Census 20500 WICHITA, KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$415k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2011
5 recorded transactions
2011
Price N/A
2009
Price N/A
2009
Price N/A
2008
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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