2775 Greenwich Rd Wichita, KS 67226-8240
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.
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Sherwin-Williams Paint Store Hardware & Home Improvement Building Supply
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.