December 21, 2021 – Mike Lombardi of Horvath & Tremblay has successfully completed the sale of McDonald’s in Wichita, Kansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,650,000.
McDonald’s is located at 6404-6592 E Central Avenue in Wichita, Kansas. The building was constructed for McDonald’s in 2021 and they a brand-new, 20-Year Ground Lease with eight (8), 5-Year Renewal Options. The lease calls for an attractive 10% rent increases every five years throughout the base term and at the start of each option period. The McDonald’s Ground Lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements. McDonald’s benefits from its location along Central Avenue (27,600 VPD), which is a primary east – west thoroughfare. The property is positioned three miles east of Interstate 135 (104,000 VPD). The property is also less than two miles east of Wesley Medical Center, a 760-bed acute-care center with over 900 physicians. There are 197,610 people living within 5 miles of the property earning an average annual household income of $69,741. Major highways in the area include the Kansas Turnpike, US 400, and Interstate I-135. Tenants within the area include Chick-fil-A, Taco Bell, Starbucks, Wells Fargo, Ace Hardware, Planet Fitness, Olive Garden, Dunkin’, and many more.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.