Colliers Net Lease Investment Group is pleased to present to qualified investors the opportunity to acquire a ground lease with a recently extended Fazoli’s location in Wichita, KS. This is a chance to acquire a single- tenant net lease well known brand just miles from downtown Wichita. Fazoli’s is one of the leading Italian fast casual brands in the country.
This 3,653 square-foot property is located on the North East side of busy Wichita. Immediately proximate neighbors include Sam’s Club, Kohl’s, Planet Fitness, McDonald’s, Braum’s, FedEx, and more. North Rock Road brings 15,000+ people by the property daily. There are over 43,000+ people within 3 mile and 98,000+ people within 5 miles of the store.
The single-tenant building is offered at $1,320,000 corresponding to a 6.25% cap rate