Listed by Lange Real Estate
$675,000
Single Tenant - NNN - Investment Opportunity
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,260
Units 1
Cap Rate 7.11%
NOI $48,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 02/28/2029
Rent Bumps Yes
Lease Options 3-yr @ $4,400/Month
Price per SqFt $536
Year Built 2023
Acreage 0.470
Parking Spaces 15 spaces
Parking Per SqFt 11.90
Investment Type Net Lease
Lease Commencement 03/01/2026
Ground Lease No
Retail | 7.11% CAP | 1,260 SqFt
Marketing description
New construction (2023) single-tenant QSR with dual-lane drive-thru and 15 parking stalls located along a signalized corridor in West Wichita with traffic counts exceeding 18,000 VPD. This property is shadowed by national users such as Home Depot, Papa Johns, Subway, and Phillips 66. The property is leased on a triple net basis with the near full primary term remaining and minimal landlord responsibilities. Zero deferred maintenance.
Investment highlights
- Purchase Price: $675,000
- NOI: $48,000/Year
- Cap Rate: 7.11%
- Tenant - Local QSR Operator with over 15 years experience
- Lease Start - March 1, 2026 Expiration - February 28, 2029
- Monthly Rent - $4,000/Month
- Option - 3-yr @ $4,400/Month
- Structure - Triple Net (NNN)
Listing Contacts
Listed by Lange Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,000.00
$4,000.00/mo
Valuation Metrics
0
DSCR
7.11%
Cap Rate
7.11%
ROI
Map
Zoning
LC CommercialSpecial CommercialLimited Commercial
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View all 124 uses Last updated Apr 9, 2026 For deeper zoning details, reports are available at Zoneomics
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