Drive-Thru NNN Restaurant
For Sale
Contact for pricing
1302 N Broadway, Wichita, KS 67214
Absolute NNN occupancy supports a hands-off ownership structure with no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 1302 N Broadway
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
8%
Drive-Thru
Yes
Building Details
Year Renovated
2019
Listing Agency:
Brookwood Capital Advisors - Hamd
Listed By:
Ben Hamd · License #VA 02260227550
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 12:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brookwood Capital Advisors - Hamd
Investment Insights
Based on property information with market context.
This restaurant property is occupied under an absolute NNN lease with a 10-year term and no landlord responsibilities. The Krispy Krunchy location received a remodel in Q4 2019, including a new equipment package aligned with the brand’s latest prototype. A personal guaranty is provided by a multi-brand operator with four restaurants.
Located at 1302 N Broadway in Wichita, the property is one block from Wichita’s largest hospital, which has 4,000 employees. The surrounding market includes more than 217,000 people within a 5-mile radius. The investment is identified with an 8% cap rate and combines a drive-thru restaurant use with long-term absolute NNN lease coverage.
Located at 1302 N Broadway in Wichita, the property is one block from Wichita’s largest hospital, which has 4,000 employees. The surrounding market includes more than 217,000 people within a 5-mile radius. The investment is identified with an 8% cap rate and combines a drive-thru restaurant use with long-term absolute NNN lease coverage.
Key Highlights
- 8% cap rate
- 10‑year absolute NNN lease with zero landlord responsibilities
- Krispy Krunchy remodel completed in Q4 2019
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Home Improvements & Furnishings 22%
Electronics 10%
Dollar Tree
Shops & Services
9,221 visits/mo
0.2 miles
Family Dollar
Shops & Services
4,998 visits/mo
0.2 miles
True Value Hardware
Home Improvements & Furnishings
4,728 visits/mo
0.4 miles
Boost Mobile
Electronics
1,311 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
858 visits/mo
0.3 miles
Demographics for 67214, KS
15,936
Population
8,197
Households
1.9
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
5.3 sq mi
ZIP Area
3,007
Density / Sq Mi
$36,636
Median Household Income
$25,518
Median Earnings
$752
Median Rent
$72,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN occupancy supports a hands-off ownership structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 1302 N Broadway Wichita, KS.
What are key features of this property?
This property features: 8% cap rate; 10‑year absolute NNN lease with zero landlord responsibilities; Krispy Krunchy remodel completed in Q4 2019
