520 E Cloud Ave - Restaurant FOR SALE
Andover, KS 67002 |
$3,272,000 USD
844-585-7682
520 E Cloud Ave
Andover, KS 67002
HIGHLIGHTS
- Single-Tenant Chipotle Drive-Thru Pad at Andover Marketplace
- New 15-year NNN lease
- 10% increases every 5 years during the base term and each of the four 5-year options
- New Chipotlane Prototype Building: Approximately 60%-70% of all business for quick service restaurants come through the drive-thru
- Across From the New Heritage Mixed-Use Development: Heritage is a new 103-acre development
- Explosive Growth and Affluent Demographics: Andover is the most affluent suburb of Wichita
FOR SALE DETAILS
PRICE
$3,272,000 USD
PRICE/SF
$1,423 USD /SF
CAP RATE
5.35%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Chipotle | Andover, KS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.03 AC
LAND SF
44,867 SF
ZONING
-
APN/PARCEL ID
3092902001012000
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844-585-7682
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844-585-7682
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