TITLE:
STNL CHILD CARE CENTER
CONTROL:
Exclusive
VALUE:
$450,000
LOAN:
$0
EQUITY:
$450,000
TYPE:
Retail/Commercial
HAVE:
5,010 SFT Single Tenant Child Care Center. 1 Year Left on Lease. 5 Year Option. 1.5% annual bumps. Below market rent. Multi unit operator.
ADDRESS:
8181 E Harry, Wichita, Kansas
BENEFITS TO NEW OWNER:
Absolute Net Lease. Passive. Good tenant. Replaceable rents. Good intersection with Starbucks.
GROSS SCHEDULED INCOME:
$38,209 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$38,209
EXPENSES:
$0
NOI:
$38,209
DEBT SERVICE:
$0
CASH FLOW:
$38,209
CAP RATE:
8.49%
BENEFITS SOUGHT:
Go up to $800K-$1.6M (w/can adds) or sell for cash.
REMARKS:
Can JV, partner with someone, financeable. Property is good $/sft and sellable to an end-user if tenant doesn't extend in a year; or rent it for 20-25% more than current rent.
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
