2743 Central AveEl Dorado, KS 67042

Property Details for 2743 Central Ave

Year built

2008

Construction

WOOD

Lot size

0.80 AC

Property size (Sq ft)

2,695 SF

Property type

Drive through restaurants

APN

008-212-04-0-00-33-001.01-0

APU

82120400033001010

Description

This exceptional investment opportunity presents a fee-simple, single-tenant retail property in El Dorado, Kansas. The 2,860 square foot building, constructed in 2008, is 100% occupied by a Burger King franchisee under a triple-net (NNN) lease with zero landlord responsibilities. The current lease, commencing June 13, 2008, has a remaining term of approximately 3.5 years, followed by four, five-year options. Rent increases by 5% every five years, ensuring consistent income growth. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $92,610. Situated on a 0.78-acre lot, this prime retail location benefits from high visibility on West Central Avenue, a major thoroughfare with over 12,000 vehicles per day. Its convenient location on a Walmart outparcel further enhances its appeal. The franchisee, operating successfully since 2008, contributes to the property's stable and predictable cash flow. This is an ideal investment for those seeking a passive income stream with minimal management requirements and significant upside potential. El Dorado's proximity to Wichita, Kansas (less than 30 minutes away) adds to the property's strategic value. The property is a one-story building on a single lot.

Location Insight

City

El Dorado

County

Butler

State

Kansas

Latitude

37.8168

Longitude

-96.892

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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