TITLE:
CASH-FLOWING DAY CARE IN WICHITA U/C for CASH
CONTROL:
Owner
VALUE:
$425,000
LOAN:
$0
EQUITY:
$425,000
TYPE:
Retail/Commercial
HAVE:
Cash-flowing daycare with net lease in place until May 31, 2026 at $36,000/annually with 1.5% step increases annually. Two 5-year options Tenant pays taxes and insurance, repairs. No landlord responsibilities.
ADDRESS:
8181 E Harry Rd, Wichita, Kansas
BENEFITS TO NEW OWNER:
No landlord responsibilities on cash-flowing daycare building. Five-year term with two 5-year options. Lease is personally guaranteed. Yr1:36,000 Yr2:36,540 Yr3:37,088 Yr4:37,644 Yr5:38,209
GROSS SCHEDULED INCOME:
$36,540 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$36,540
EXPENSES:
$0
NOI:
$36,540
DEBT SERVICE:
$0
CASH FLOW:
$36,540
CAP RATE:
8.60%
BENEFITS SOUGHT:
Need Cash for next deal already identified.
CAN ADD:
Socorro NM leased restaurant at $400,000
REMARKS:
Listed with Wichita Broker For Sale. Experienced Day Care operator with two other operations in Wichita. This asset is under contract to close 6/1/2023. I would like to add $400,000 F/C Socorro, NM property #2 in book to move up.
COUNSELOR:
Ted Blank
Ted Blank & Assoc., Inc.
6825 Vista Lodge Loop
Castle Rock, Colorado, 80108
Cell: 303-748-9998
Email blank1031@gmail.com
