338 N MEAD ST Wichita KS 67202

One of a kind property located in Old Town.

Built out incredibly well. New 2500 sq ft patio just built for outdoor seating

600 AMPS, 3 Phase, of power which are separately metered to each of the suites within building.

FULLY LEASED INVESTMENT PROPERTY FOR SALE.

Knolla’s Pizza has leased 2950 sq ft. Knolla’s has been in business for over 40 years and is considered by many as the best pizza in Wichita. Knolla’s opens October 1, 2024. New 10 year lease with 3% annual increases.

The other two suites have been leased as well as of May 2024 to The Libra Connection and High Hopes ICT. Rent Commencement starts November 1, 2024. 10 year leases each with 3% annual rent increases.

Roof was replaced in 2015. Roof has a 30 year life span. Large parking capacity available.

Supporting services within 5 minutes of building are: River City Brewing, Old Chicago, Bite Me BBQ, The Pump house, Larkspur Bar & Grill, Public at the Brickyard, Tod Brian’s Brick Street Cafe and Tavern and Blue Fin Sake Bar and Sushi.

Fully leased investment property with 3 new 10 year leases in place.

Personal guarantees on each lease.

Monthly rent between the 3 tenants is $11,000 per month NNN with 3% annual increases on the Rent Commencement anniversary.