Description:

The Graves Group with Keller Williams Signature Partners, LLC is pleased to offer the opportunity to acquire Lakeside Academy of Kansas located on the outskirts of Wichita next to Lake Afton in Goddard, KS. This unique and scenic, NNN single-tenant property, sits on over 45 acres with 11 buildings occupying a total of 30,628 sq ft. Lakeside Academy has been a youth rehabilitation facility since 1998 and the current tenant, Sequel Youth and Family Services, has occupied the property since 2008.
Sequel Youth and Family Services operates over 50 facilities across the country. Lakeside Academy is the largest QRTP rated residential youth center in Kansas and provides programming for at-risk boys ages 13+ and works closely with the Kansas Department of Children and Family Services. Sequel has ten years left on the current lease with two, five-year options. Sequel has invested several hundred thousand dollars in capital improvements demonstrating a long term commitment to the property. The property is close to several amenities and is 15 minutes from the Wichita Dwight D. Eisenhower Airport. The acreage alone is worth close to a million with current land prices in the Wichita MSA. This is an amazing investment opportunity to own a legacy property with a strong tenant and favorable rent bumps.