1280 Tyler Rd Wichita, KS 67212-3242
Property Lookup
Property profile & analytics
1280 Tyler Rd Wichita, KS 67212-3242
- Drive through restaurants
- 2,157 SF
- 0.30 lot acres
Property ID
US33-0104436
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- HTeaO - Wichita / (Bike/Boat/Book/etc) Store / Specialty Food Shop
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 Estimations
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,209
$22,550
$148,450
$171,000
-
$90,200
$593,800
$684,000
