8144 Kellogg Dr Wichita, KS 67207-1810
Property Lookup
Property profile & analytics
8144 Kellogg Dr Wichita, KS 67207-1810
- Retail space
- 1,506 SF
- 0.23 lot acres
Property ID
US33-0426448
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Budget Car Rental / Car Rental Facility
- Classic Real Estate Inc / Real Estate Agency
Property Details for 8144 Kellogg Dr
- Year built
- 1987
- Construction
- FRAME
- Lot size
- 0.23 lot acres
- Property size
- 1,506 SF
- Property type
- Retail space
- APN
- 087-114-20-0-33-04-015.01
- APU
- 87114200330401501
Description
This exceptional investment opportunity presents a brand-new, 1,506 square-foot auto shop in Wichita, Kansas, leased to a Budget franchisee. The property boasts a 10-year absolute triple-net (NNN) lease commencing January 1, 2024, and expiring December 31, 2033, with two five-year renewal options. Rent increases are structured with a 5% bump every five years and a 10% increase during each option period, ensuring strong future cash flow. Built in 2023, this high-quality building sits on a 0.82-acre lot in a prime retail corridor, directly across from Towne East Square Shopping Mall and surrounded by national retailers such as ALDI, At Home, and Burlington. The property enjoys excellent visibility and accessibility on East Kellogg Avenue (US Route 400), a major thoroughfare with over 45,900 vehicles passing daily. The strong demographics of the area, with 168,073 residents within a five-mile radius, further enhance the investment potential. The current Net Operating Income (NOI) is $70,000, representing a 6.50% cap rate on the asking price of $1,078,000 ($715.80 per square foot). This is a rare opportunity to acquire a secure, high-performing investment with significant long-term growth potential in a thriving Wichita market. The property's location and tenant strength make it an ideal addition to any diversified real estate portfolio. The lease terms and strong tenant credit rating provide a high degree of security and predictability for future income streams.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.2418
- Latitude
- 37.68
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,507
$20,075
$42,200
$62,275
-
$80,300
$168,800
$249,100
