TITLE:
10 YEAR ABSOLUTE STNL - PRIVATE SCHOOL
CONTROL:
Partner
VALUE:
$1,000,000
LOAN:
$550,000
EQUITY:
$450,000
TYPE:
Retail/Commercial
HAVE:
Single tenant absolute NNN lease with no LL responsibilities featuring annual increases. Below market rent structure and a fraction of replacement cost. Well located off major highway. Local strong credit with PGs. Huge local following/backing.
ADDRESS:
5920 W Central, Wichita, Kansas
BENEFITS TO NEW OWNER:
Long term passive mail box money with no LL responsibilities. Well below market rent so re-tenant wouldn't be scary. Strong location.
GROSS SCHEDULED INCOME:
$68,294 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$68,294
EXPENSES:
$0
NOI:
$68,294
DEBT SERVICE:
$0
CASH FLOW:
$68,294
CAP RATE:
6.83%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$550,000
$3,200
4%
12/31/1969
No
BENEFITS SOUGHT:
Industrial, Suburban Office, Medical. Value add preferred, could go up to $2-4M with this and CanAdds.
CAN ADD:
Cash, Signature, Expertise, Creative Ownership
REMARKS:
Property has been education/school center for decades with strong RE fundamentals. Easy peasy boring mailbox money from a great tenant.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
