325 Ridge Rd Wichita, KS 67209
- Commercial real estate
- 550 SF
- 0.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 325 Ridge Rd
- Year built
- 2024
- Lot size
- 0.43 lot acres
- Property size
- 550 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Wichita, Kansas, presents a 550 square foot commercial property located at 325 S Ridge Rd, situated on a 0.43-acre lot. The property is secured by a 15-year absolute NNN lease with 7 Brew Coffee, a nationally recognized coffee shop, guaranteeing consistent income. The current annual Net Operating Income (NOI) stands at $90,000, demonstrating strong financial performance. The lease includes an attractive 8% rent increase every five years, providing built-in growth potential for long-term investors. This property boasts an unparalleled location, benefiting from high visibility and accessibility. The intersection of Ridge Rd and Maple St sees over 45,000 vehicles daily, ensuring significant exposure for the tenant. The property's proximity to Lowe's Home Improvement, Chick-fil-A, and other major retailers creates a synergistic environment, attracting a steady stream of potential customers. This combination of a strong tenant, a secure lease structure, and a prime location makes this a compelling investment opportunity for both seasoned and new commercial real estate investors. The asking price for this property is $1,600,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.426
- Latitude
- 37.6791
