1605 N Rock Rd - Restaurant FOR SALE


Wichita, KS 67206- East Wichita
$3,653,000 USD
602-682-6052
1605 N Rock Rd, Wichita, KS for Sale
$3,653,000 USD
Restaurant - FOR SALE
1/6
null | 5.6% Cap Rate

1605 N Rock Rd
Wichita, KS 67206
East Wichita


HIGHLIGHTS

  • Over 11 Years Remaining | 7.5% Rental Increases | Franchisee Guaranteed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategic Wichita Submarket | Growth & Stability
  • Dense Population Base | Strong Demographics
  • Wichita Economic Drivers | Major Employment & Education Hub
  • Premier Retail Corridor | High Traffic Counts & Prime Visibility

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, franchisee guaranteed, Panera Bread investment property located in Wichita, Kansas. The tenant, Panera Bread has over 11 years remaining on there lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7.5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$3,653,000 USD

PRICE/SF

$738 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera Bread | 11+yrs Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,283 SF

ZONING

LC

APN/PARCEL ID

113-07-0-41-01-010.00

ASK ABOUT THIS PROPERTY

Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

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Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.