3553 N Rock Rd
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3553 N Rock Rd
3,653 SF Retail Building Wichita, KS 67226 $1,320,000 ($361/SF) 6.25% Cap Rate
Investment Highlights
- Located on the busy street of Rock Rd
- Next to numerous national brands
- Just West of Colonel James Jabara Airport
- In a heavy industrial and business area
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,653 SF
Building Class
B
Year Built
1996
Price
$1,320,000
Price Per SF
$361
Cap Rate
6.25%
NOI
$82,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.00 AC
Zoning
LC
Parking
54 Spaces (14.78 Spaces per 1,000 SF Leased)
Frontage
195 FT on N Rock Rd
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 109-31-0-14-03-011.00 | Improvements Assessment | $95,120 |
| Land Assessment | $154,450 | Total Assessment | $249,570 |
PROPERTY TAXES
Parcel Number
109-31-0-14-03-011.00
Land Assessment
$154,450
Improvements Assessment
$95,120
Total Assessment
$249,570
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3553 N Rock Rd
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