Investment Highlights
100% Occupied Two-Tenant Strip Center with endcap Drive-Thru
Ideal Combination of Long-Term Security & Mid-Term Value
Integra Technologies $2B, 100-Acre Semiconductor Production Megaproject Coming to Rock Road ? 2,500 New Jobs
Strategic Location Outparcel to Walmart Supercenter - 2.9 Million Annual Visitors (Placer.AI)
Located Along Dynamic Retail Corridor Filled with Large-Format Retailers such as Walmart Supercenter, Sam's Club, and Kohl's - 29,000 VPD
Located within Close Proximity to Koch Industries Headquarters - 2nd Largest Privately Held Company in the US
Executive Summary
Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc. are pleased to present the opportunity to acquire North Rock Commons, a newly constructed two-tenant, drive-thru equipped retail center located in Wichita, Kansas (the ?Property?). The Property is 100% leased to LaMar?s Donuts and Easy Egg Caf?. LaMar?s Donuts? corporate-backed, 15-year lease features 1.50% annual rent increases. LaMar?s Donuts is a rapidly expanding concept with 25 locations across 6 states, including Colorado, Kansas, Arizona, Missouri, and Nebraska. Synergistic operator Easy Egg Caf? features a 5-year lease. The Property offers investors the benefits of long-term security and medium-term flexibility. The Property is strategically situated along the dynamic North Rock Road retail corridor as an outparcel to the market?s dominant Walmart Supercenter, which is frequented by nearly three million visitors annually (source: Placer.ai). The North Rock Road retail corridor is filled with large-format retailers, including Walmart Supercenter, Sam?s Club, and Kohl?s, as well as best-in-class national tenants such as Chipotle, Starbucks, and McDonald?s. The Property benefits from significant visibility to approximately 29,000 vehicles per day along North Rock Road, and the combined traffic count is over 42,000 VPD at the nearest intersection. Just north of the Property, Integra Technologies Inc., the largest U.S. Outsourced Semiconductor Assembly and Test (OSAT) company, recently announced its new one-million-square-foot headquarters and semiconductor production facility spanning 100 acres, which will bring more than 2,500 high-paying jobs and over $2 billion in capital investments in its first five years.
