I N V E S T M E N T S U M M A RY
Wright Career College10720 Metcalf Avenue Overland Park, Kansas 66210
WorldHeadquarters
Town Center Plaza
119th St
Nal
l Ave
Jewish Community
Center ParkPlace
Headquarters
RosanaSquare
Kansas City Gift Mart
MetcalfCommons
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College Blvd
Overland ParkConvention
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Roe
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142,000+ CPD 46,4
95+
CPD
Children’s Mercy Hospital
LOCATION - OVERLAND PARK, KANSAS WRIGHT CAREER COLLEGE CAMPUS
INVESTMENT OPPORTUNITY
•Unparalleled Location and Identity - Rare opportunity to purchase a prestigious campus on Metcalf and I-435
• Strong Cash Flow With Long-Term Lease - Single-tenant property offers investors long-term cash flow stability with annual rent increases
• Strong Demographics - Investment in exceptional metropolitan area
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OFFERING SUMMARY
Kessinger/Hunter & Company, a member of the Cushman & Wakefield Alliance, has been retained as exclusive advisor and agent to sell the 100% fee simple interest in Wright Career College (“Property”) located at 10720 Metcalf Avenue, Overland Park, Kansas. The owner of the Property, Mission Group Kansas, Inc. d/b/a Wright Business School and Wright Career College, occupies 100% of the Property, and is offering to sell and lease-back the entire Property on a net lease basis for a 15-year term. This offering represents an excellent opportunity to acquire an extremely well located, new thriving asset with excellent prospects of appreciation.
The Property is being offered to qualified principals, with attractive existing indebtedness, at a price of $13,500,000. Pleae refer to the Financial Information section of the Offering Memorandum for the terms of the existing financing.
OFFERING DETAILS
• Sale/Lease-back opportunity of state-of-the-art training school• Campus consisting of two Class A buildings - 55,428 rentable square feet• Sale Price of $13,500,000 ($243.56 PSF)• 7.5% cap rate on Year 1 Net Operating Income• Annual Net Rent starting at $1,012,500 ($18.27 PSF) with 2% annual
increases• 15-year lease with Mission Group Kansas, Inc., d/b/a Wright Career
College, a five-campus school and on-line program• Attractive, in-place financing with favorable loan assumption and pre-
payment terms
PROPERTY DESCRIPTION
The offered Property consists of two buildings encompassing a total of 55,428 rentable square feet. The Educational Facility located on the west side of the Property consists of a virtual hospital, classrooms, a library, break rooms, fitness room, general offices, and medical lab space. The Administration Building fronts Metcalf Avenue and is the national headquarters for Wright Career College and Wright Career Business Schools. The buildings were recently constructed in 2012 and feature attractive, Class A finishes and state-of-the-art fixtures and equipment. The site provides a college-like atmosphere with ample parking and easy access ensuring long-term viability.
Location: 10720 Metcalf Avenue, Overland Park, Kansas
Site Area: 4.75 acres (+/-)
Zoning: CP-2
Parking: 273 Spaces; 4.93/1,000 SF
Total Building Area: 55,428 (+/-) square feet combined Educational Facility: 40,428 SF; 1 and 2-Story
Administration Building: 15,000 SF; 2-Story Year Built: 2012 and retrofit of an existing structure
Traffic Counts: 142,000 cars per day on I-43546,500 cars per day going north on Metcalf
Avenue
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EducationalFacility
AdministrationBuilding
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No warranty of representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by our principals.
Kansas CityInternational Airport
Charles B WheelerDowntown Airport
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WRIGHT CAREER COLLEGE
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Kevin CurtinInvestment [email protected]
Jim Gates, SIORPrincipal, Office [email protected]
Miles McCunePrincipal, Office [email protected]
Kessinger Hunter & Company2600 Grand AvenueSuite 700Kansas City, MO 64108816.842.2690 phone816.421.5659 fax
KANSAS CITY METROPOLITAN AREA
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