1605 N Rock Rd
Wichita, KS 67206
East Wichita
HIGHLIGHTS
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES: 20-Year Absolute NNN Lease With 12.3 Years Remaining. Guaranteed By PAN AMERICAN GROUP LLC
- SCHEDULED RENTAL GROWTH & RENEWAL OPTIONS 7.5% Rental Increases Every Five Years With Four (4) Five-Year Renewal Options
- PREMIER RETAIL LOCATION IN WICHITA’S DOMINANT COMMERCIAL CORRIDOR: Positioned Along North Rock Road, One Of Wichita’s Highest Traffic Retail Corridors
- PANERA BREAD | 2,232 UNITS · $6.5B 2024 SALES: Founded In 1987 And Acquired By JAB Holding Company In 2017, Panera Bread Operates 2,200+ Locations
- WICHITA, KS | LARGEST CITY IN KANSAS · MSA GDP $37.75 BILLION: Wichita Is Kansas’ Largest City & Principal Economic Hub Of The South-Central Region
FOR SALE DETAILS
PRICE
$3,995,000 USD
PRICE/SF
$807 USD /SF
CAP RATE
5.51%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1983
SPRINKLERS
-
PARKING SPACES
56
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
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949-419-3267
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949-419-3267
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