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Listed by Jake Steven • Reece Nichols South Central Kansas
$ 1,700,000
Est. payment /mo
Pending
325 S Ridge Rd Wichita, KS 67209
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision None Listed On Tax Record
MLS Listing ID SCK646765
Year Built 2024
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Other
Source sckansas
Property Description
Investment Opportunity! ABSOLUTE NNN LAND LEASE, 7 Brew Coffee IN A PRIME LOCATION, WICHITA, KS. Discover this exceptional investment prospect in Wichita, KS, with the property located at 325 S Ridge Rd. This is a solid commercial asset anchored by a secure 15-year absolute NNN lease with 7 Brew Coffee, ensuring stability and impressive returns. With a current annual Net Operating Income (NOI) of $102,000, this investment demonstrates its financial strength. Growth is evident through an attractive 8% rent increase every 5 years, making it a great choice for investors seeking a long-term investment. Strategically positioned in a high-traffic area, the property provides outstanding visibility and accessibility. With traffic counts surpassing 45,000 vehicles daily at the intersection of Ridge Rd and Maple St, the lessee benefits from consistent foot traffic and exposure. Situated near Lowe's Home Improvement, Chick-Fil-A, and numerous other retailers, the property has a consistent flow of potential customers. This advantageous location, coupled with 7 Brew Coffee's offerings, creates a conducive environment for sustained business activity. Invest confidently in a property that combines a prime location, reputable tenant, and a secure lease structure. Whether you are an experienced investor looking to expand your portfolio or new to the commercial real estate scene, 325 S Ridge Road presents a compelling opportunity.
Location
State KS
County Sedgwick
Area 550
Zoning Limited Comm
Direction Property is on the South West corner of Ridge Road and Maple Street.
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace No
Heat Source Other
Exterior
Garage Description Parking Lot
Utilities Available Electricity Available
View Y/N Yes
Roof Type Flat
Street Surface City Arterial
Building
Story 1
Structure Type Other
Others
Miscellaneous Other/See Remarks
Acceptable Financing Other - See Remarks
Listing Terms Other - See Remarks