1560 Hamilton Cir Olathe, KS 66061-5377

This exceptional investment opportunity presents a 2,938 square foot Wendy's restaurant located at 1560 S Hamilton Cir, Olathe, KS 66061. The property sits on a 0.89-acre lot with 36 parking spaces and boasts excellent visibility from I-35, averaging 71,940 vehicles per day. The property is situated in a high-traffic area with proximity to Olathe Medical Center, a Home Depot and Target-anchored shopping center, Olathe South High School, and the Garmin headquarters. The tenant, Wendy's, operates under a corporate-guaranteed, absolute NNN ground lease with a remaining term of approximately 8.1 years, expiring December 31, 2032. The lease includes a 10% rent increase on January 1, 2028. The current annual net operating income (NOI) is $61,200, representing a 5.00% cap rate on the asking price of $1,224,000. Built in 1995, this Class B property offers a passive investment opportunity with minimal landlord responsibilities. The tenant's strong sales performance in 2022 resulted in a sub-5% rent-to-sales ratio, indicating potential for future rent growth. The surrounding area is densely populated, with over 72,700 residents within a 3-mile radius and an average household income exceeding $107,800. This location benefits from its proximity to several large industrial parks and other retail establishments. The ground lease also expires December 31, 2032. This is a rare opportunity to acquire a well-located, high-performing Wendy's restaurant with significant upside potential.