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Property profile & analytics
OFF-MARKET
Parking lots & garages

2775 Greenwich Rd Wichita, KS 67226-8240

0.68 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US33-0826371
Property summary
AI-generated overview

This exceptional investment opportunity presents a brand-new, 4,500-square-foot Sherwin-Williams storefront in Wichita, Kansas. Built in 2023, the property boasts a strong 10-year net lease with four, 5-year renewal options, commencing January 14th, 2024. The building sits on a 0.63-acre lot in a high-traffic retail area, receiving over 5.4 million annual visits. Its prime location is approximately 11 miles from downtown Wichita and 20 miles from Wichita National Airport. The property benefits from its proximity to the Greenwich Place Shopping Center, a major retail development featuring national brands like REI, Total Wine, and HomeGoods, and is conveniently located near Topgolf and a 9-hole mini golf course. The property's strong financial performance is reflected in a 5.60% cap rate and a net operating income (NOI) of $164,000, with an asking price of $2,930,000 ($651.11/sq ft). Sherwin-Williams, a financially stable company with $23.05 billion in 2023 revenue, provides a secure and reliable tenant. This single-tenant, single-story building offers a compelling investment opportunity with significant long-term potential. The 100% occupancy ensures immediate cash flow.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.68 ac (29,621 SF)
APN 087-112-04-0-11-02-002.02
UPID US33-0826371
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
GREENWICH RETAIL DEVELOP LLC
GREENWICH RETAIL DEVELOP LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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