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Freestanding Drive-Through Restaurant
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2347 S Seneca Street, Wichita, KS 67213

Remodeled facility backed by an absolute NNN lease structure.

Property Size4,176 SF
Lot Size1.07 Acres
Price / SF$446.60
Days on Market6

Property Features for 2347 S Seneca Street

General Information

Standard status Active
Size 4,176 SF
Lot size 1.07 Acres
Property subtype Retail

Additional Details

Traffic Count 19,400 vehicles/day

Building Details

Year Renovated 2017
Buildings 1
Listing Agency: Marcus & Millichap - Palo Alto
Listed By: Steve Sauter · License #CA 01084092
Source: Crexi
Added: Sep 7 Changed: Sep 10 Last Checked: Sep 12 at 5:58AM

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 Marcus & Millichap - Palo Alto

Investment Insights

Based on property information with market context.

This freestanding KFC restaurant includes approximately 4,176 square feet of improvements on approximately 1.07 acres. The operation dates to 1980, with a remodel completed in 2017 by the existing franchisee. A new 20-year lease began May 15, 2016, and includes an absolute NNN structure, 2.0% annual rent increases beginning in lease year 6, and four five-year renewal options.

The property is positioned near the signalized intersection of South Seneca Street and Pawnee Street in Wichita, Kansas. The two roadways generate approximately 19,400 VPD and 17,000 VPD, respectively, for combined traffic of 34,700 vehicles per day. The surrounding three-mile area includes approximately 73,367 residents and an average household income of $56,692. McConnell Air Force Base is approximately 7 miles away.

Key Highlights

  • Freestanding KFC restaurant with approximately 4,176 sq. ft. of improvements
  • Approximately 1.07 acres of land
  • Remodeled in 2017; restaurant operation dates to 1980

Property Analytics

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Current Use

KFC Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

19,400 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

373
Businesses Nearby
221k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 70% Shops & Services 18% Home Improvements & Furnishings 10% Electronics 1%
McDonald's Dining
33,177 visits/mo 0.1 miles
Starbucks Dining
16,877 visits/mo 0.2 miles
Dollar Tree Shops & Services
16,705 visits/mo 0.1 miles
Taco Bell Dining
14,558 visits/mo 0.1 miles
Harbor Freight Tools Home Improvements & Furnishings
12,153 visits/mo 0.2 miles

Demographics for 67213, KS

21,007
Population
9,788
Households
2.1
Avg Household Size
34
Median Age
13%
College-Educated
83%
High-School Grad
6.6 sq mi
ZIP Area
3,183
Density / Sq Mi
$48,015
Median Household Income
$32,186
Median Earnings
$920
Median Rent
$80,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Remodeled facility backed by an absolute NNN lease structure.
Where is this drive through restaurant located?
The property is located at 2347 S Seneca Street Wichita, KS.
What is the asking price?
The asking price for this property is $1,865,000.
What are key features of this property?
This property features: Freestanding KFC restaurant with approximately 4,176 sq. ft. of improvements; Approximately 1.07 acres of land; Remodeled in 2017; restaurant operation dates to 1980
More about this property
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