1280 Tyler Rd Wichita, KS 67212-3242
- Drive through restaurants
- 2,157 SF
- 0.30 lot acres
Current Use by Public Records
- HTeaO - Wichita / Tea Store
Property Details for 1280 Tyler Rd
- Year built
- 2021
- Lot size
- 0.30 lot acres
- Property size
- 2,157 SF
- Property type
- Drive through restaurants
- APN
- 087-135-16-0-22-01-002.04
- APU
- 87135160220100204
Description
This exceptional investment opportunity presents a 2,128 square foot HTeaO franchise located at 1280 N Tyler Rd, Wichita, KS 67212. Built in 2021, this single-story building boasts a 100% occupancy rate with a Net Lease (NN+) structure, offering a passive income stream for the investor. The lease features a remaining term of approximately 6.7 years, extending to July 31, 2031, with two 5-year options. The property benefits from a 10% rent increase every five years, with the next increase scheduled for August 2026. The current Net Operating Income (NOI) stands at $106,400, yielding a 5.60% cap rate. The property is situated in a prime location in western Wichita, directly off Interstate 235 (approximately 30,000 vehicles per day) and near Wichita Northwest High School, serving a substantial population with an average household income exceeding $85,000 within a 5-mile radius. The property includes a double drive-thru, a key feature for this quick-service restaurant (QSR) concept. The landlord's responsibilities are limited to the roof and structural components of the building. HTeaO, a leading iced tea distributor, has approximately 150 stores currently operating, with expansion plans to reach 500 locations by the end of 2026. The franchisee operating this location opened a second Wichita store in 2023 and plans to open a third in late 2024 or early 2025, demonstrating confidence in the brand and location. The property's APN is 087-135-16-0-22-01-002.04. This is a compelling investment opportunity with strong potential for long-term growth and passive income.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $390,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $365,000
- Mixed-Use
- $380,000
- Hospitality
- $370,000
- Educational
- $405,000
- Residential Income
- $445,000
- Energy
- $375,000
- Income-Based Land
- $360,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.4438
- Latitude
- 37.7066
- CBSA code
- 48620
- CBSA name
- WICHITA, KS METROPOLITAN STATISTICAL AREA
