Description
Investment Opportunity! ABSOLUTE NNN LAND LEASE, 7 Brew Coffee IN A PRIME LOCATION, WICHITA, KS. Discover this exceptional investment prospect in Wichita, KS, with the property located at 3031 E Central Avenue. This property offers a solid commercial asset anchored by a secure 15-year absolute NNN lease with 7 Brew Coffee, ensuring stability and impressive returns. With a current annual Net Operating Income (NOI) of $72,000, this investment demonstrates its financial strength. Growth is evident through an attractive 8% rent increase every 5 years, making it a great choice for investors seeking a long-term investment. Strategically positioned in a high-traffic area, the property provides outstanding visibility and accessibility. With traffic counts surpassing 29,000 vehicles daily at the intersection of Central and Hillside, the lessee benefits from consistent foot traffic and exposure. Situated across from Wesley Medical Center, Wichita's largest hospital, the property has a consistent flow of potential customers. This advantageous location, coupled with 7 Brew Coffee's offerings, creates a conducive environment for sustained business activity. Invest confidently in a property that combines a prime location, reputable tenant, and a secure lease structure. Whether you are an experienced investor looking to expand your portfolio or new to the commercial real estate scene, 3031 E Central Avenue presents a compelling opportunity.
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0BEDS
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0.53ACRES
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0BATHS
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01/2 BATHS
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550SQFT
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$2,182$/SQFT
School Ratings & Info
Listing information © 2023 South Central Kansas MLS.
Listing provided courtesy of Reese Bayliff of Reece Nichols South Central Kansas .
Description
Investment Opportunity! ABSOLUTE NNN LAND LEASE, 7 Brew Coffee IN A PRIME LOCATION, WICHITA, KS. Discover this exceptional investment prospect in Wichita, KS, with the property located at 3031 E Central Avenue. This property offers a solid commercial asset anchored by a secure 15-year absolute NNN lease with 7 Brew Coffee, ensuring stability and impressive returns. With a current annual Net Operating Income (NOI) of $72,000, this investment demonstrates its financial strength. Growth is evident through an attractive 8% rent increase every 5 years, making it a great choice for investors seeking a long-term investment. Strategically positioned in a high-traffic area, the property provides outstanding visibility and accessibility. With traffic counts surpassing 29,000 vehicles daily at the intersection of Central and Hillside, the lessee benefits from consistent foot traffic and exposure. Situated across from Wesley Medical Center, Wichita's largest hospital, the property has a consistent flow of potential customers. This advantageous location, coupled with 7 Brew Coffee's offerings, creates a conducive environment for sustained business activity. Invest confidently in a property that combines a prime location, reputable tenant, and a secure lease structure. Whether you are an experienced investor looking to expand your portfolio or new to the commercial real estate scene, 3031 E Central Avenue presents a compelling opportunity.
This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2023 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-09-26T00:00:43.687.