338 N Mead St Wichita, KS 67202

Listing agency Robert Mitelhaus r***@aol.com Show Phone

Listed by Robert Mitelhaus · License #CA 01387194

Source Crexi

Added: Apr 11 Updated: Jul 21 at 10:02PM Checked: Jul 21 at 10:02PM

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Investment Insights

Based on property information with market context.

Built out to support restaurant use, this multi-suite property includes a newly constructed outdoor patio built for seating. The building is served by 600 AMPS 3-phase power, separately metered to each suite. Roof replacement was completed in 2015, with an estimated 30-year service life.

The property is located at 338 N Mead St in Old Town, Wichita, KS, with large parking capacity available. It is a fully leased investment offering.

Knolla’s Pizza has leased 2,950 square feet and is scheduled to open October 1, 2024, with rent commencement beginning November 1, 2024. Two additional suites were leased as of May 2024 to The Libra Connection and High Hopes ICT. Each suite has a 10-year lease term with 3% annual rent increases.

Key Highlights

• Fully leased multi‑suite restaurant building with new outdoor patio for seating
• Built‑out property with 3‑phase power (600 AMPS) that is separately metered to each suite
• Knolla’s Pizza leased 2,950 SF with a new 10‑year lease and 3% annual increases; opens Oct 1, 2024

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FAQs

What type of property is this?

Conventional restaurant - Fully leased multi-suite restaurant building with a newly built outdoor patio and separately metered 3-phase power.

Where is this conventional restaurant located?

The property is located at 338 N Mead St Wichita, KS.

What are key features of this property?

This property features: Fully leased multi‑suite restaurant building with new outdoor patio for seating; Built‑out property with 3‑phase power (600 AMPS) that is separately metered to each suite; Knolla’s Pizza leased 2,950 SF with a new 10‑year lease and 3% annual increases; opens Oct 1, 2024