Quick-Service Restaurant with LED
528 N Oliver St Wichita, KS 67208
For Sale
Contact for pricing
Freestanding 2008-built restaurant with prominent digital LED message board and an existing absolute net lease through 2028.
Property Size2,369 SF
Lot Size0.38 Acres
Price / SF$422.12
Days on Market257
Property Features for 528 N Oliver St
General Information
- Standard status
- Active
- Size
- 2,369 SF
- Lot size
- 0.38 Acres
- Property subtype
- RETAIL
Listing Agency:
Landmark Commercial Real Estate
(316) 990-8979
Listed By:
Bradley R. Saville, CCIM
(316) 990-8979
Source:
Moodyscre
Added: Nov 11, 2025
Changed: Jul 25
Last Checked: Jul 26 at 1:21PM
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 Landmark Commercial Real Estate
Investment Insights
Based on property information with market context.
A conventional quick-service restaurant building built in 2008, offering approximately 2,369 square feet on a 0.379-acre lot. The property includes prominent signage featuring a digital LED message board.
The site is positioned along a busy east-side corridor in Wichita at a well-known intersection connecting areas including College Hill, Crown Heights, Wesley Hospital, and Wichita State University. Signage is described as visible from Oliver and Central Ave.
The restaurant is currently leased under an absolute net lease structure. Lease commencement was 07/01/2008 with a lease expiration of 06/30/2028. Base rent is listed at $94,925, and the zoning is LC.
The site is positioned along a busy east-side corridor in Wichita at a well-known intersection connecting areas including College Hill, Crown Heights, Wesley Hospital, and Wichita State University. Signage is described as visible from Oliver and Central Ave.
The restaurant is currently leased under an absolute net lease structure. Lease commencement was 07/01/2008 with a lease expiration of 06/30/2028. Base rent is listed at $94,925, and the zoning is LC.
Key Highlights
- Freestanding restaurant built in 2008 with 2,369 SF on a 0.379‑acre lot
- Absolute net lease in place from 07/01/2008 to 06/30/2028
- Current base rent of $94,925 with a 9.5% cap rate
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $17.04 |
| − Vacancy | −$2.8k | −$1.19 |
| EGI | $37.5k | $15.85 |
| − OpEx | −$9.4k | −$3.96 |
| NOI | $28.2k | $11.89 |
2,369 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.6K
$513.3K – $684.3K
NOI $41,060 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burger King
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Freestanding 2008-built restaurant with prominent digital LED message board and an existing absolute net lease through 2028.
Where is this conventional 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: Freestanding restaurant built in 2008 with 2,369 SF on a 0.379‑acre lot; Absolute net lease in place from 07/01/2008 to 06/30/2028; Current base rent of $94,925 with a 9.5% cap rate
