Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1992
Occupancy 100.0 %
Last Updated Date 18 Mar 2020

Property Description

The property is positioned as an outparcel to the 900,000 square foot JC Penney anchored regional mall, Towne West Square, which includes national retailers such as Dick’s Sporting Goods, Kay Jewelers, American Eagle Outfitters, Dillard’s Clearance, Victoria’s Secret and Regal Cinemas. There is excellent visibility to the property as it’s conveniently situated between two major interstate highways; Route 235, with 45,500 vehicles per day and Kellogg U.S. 54, with 89,800 vehicles per day. Westgate Market, a Best Buy and TJ Maxx anchored Community Center, and a Wal-Mart Supercenter are within two miles of the property, helping further draw consumers to the area.

Investment Highlights

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to exclusively offer a net lease opportunity to acquire a single tenant, fee simple outparcel property leased to PetSmart (the “Property”) in Wichita, the largest city in the state of Kansas. PetSmart has been at this location for 23 years and recently extended their term to now have 12 years remaining, with three, five-year options, all of which have varying increases every five years. PetSmart is a privately-owned specialty retailer of pet food and supplies who employs approximately 52,000 associates and operates over 1,600 stores in all 50 U.S. States. Additionally, PetSmart carries more than 200 in-store hotels, dog and cat boarding facilities in the United States, Canada and Puerto Rico.
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details
NJ-1433421

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