528 N Oliver St Wichita, KS 67218
East Wichita restaurant for sale with long-term absolute net lease.
Property size:
2,369 SFLot size:
0.80 AcresProperty Features for 528 N Oliver St
General Information
- Size
- 2,369 SF
- Lot size
- 0.80 Acres
Source:
Moodyscre
Listing Agent: Bradley R. Saville, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Wichita Restaurant Investment Opportunity
This 2,369 square foot restaurant, built in 2008, is situated on a 0.379-acre lot along one of Wichita's busiest east-side corridors. The property is located at a well-known intersection connecting College Hill, Crown Heights, Wesley Hospital, and Wichita State University. The area is characterized by local energy, anchored by national quick-service restaurant brands, neighborhood eateries, and small-business staples such as auto shops and retail service centers. The location benefits from a steady stream of local commuters, placing businesses in a high-traffic area. The property features a prominent sign with a digital LED message board, visible from Oliver and Central Ave. The zoning is LC. The lease commenced on 07/01/2008 and expires on 06/30/2028. The lease type is absolute net with a base rent of $94,925 and a cap rate of 9.5%.
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.279902
- Latitude
- 37.677965
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FAQs
What type of property is this?
Drive through restaurant - East Wichita restaurant for sale with long-term absolute net lease.
Where is this drive through restaurant located?
The property is located at 528 N Oliver St Wichita, KS.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: - 9.5% Cap Rate; - Absolute Net Lease; - Lease Expiration: 06/30/2028