533 South Tracy Street

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533 South Tracy Street

Wichita, KS 67209
Asking Price
$4.09M
Cap Rate
7.5%
Asset Type
Storefront Retail
Class
Class B

What's Special

Corporate Lease with Tenant Revenues of $10B <ul><li>​25+ Year Operating History</li><li>​NNN Lease</li><li>​Recent Capital Improvements</li><li>​Large 3.20 AC Parcel</li><li>​Most-Visited PetSmart in Wichita | Top 10% Store Nationwide</li><li>​Highly Trafficked Retail Corridor Along Vietnam Veterans Memorial Hwy (96,600+ VPD)</li><li>​Largest City in Kansas | Metro Population of 650,000</li></ul>

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NOI
$80,000
Cap Rate
1.95%
DSCR
0.33
Underwater
Cash-on-Cash
-13.28%
Monthly Payment
$20,259.826
Annual Cash Flow
$-163,117.908

Location & Travel Times