Commercial Property For Sale 616 S Tyler

New construction (2023) single-tenant QSR with dual-lane drive-thru and 15 parking stalls located along a signalized corridor in West Wichita with traffic counts exceeding 18,000 VPD. This property is shadowed by national users such as Home Depot, Papa Johns, Subway, and Phillips 66. The property is leased on a triple net basis with the near full primary term remaining and minimal landlord responsibilities. Zero deferred maintenance.

Address:

616 South Tyler Road, Wichita, KS, USA View on Map
Rate:

$675,000
Details:
Single Tenant - NNN - Investment Opportunity

Information Flyer

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Property Details

Purchase Price: $675,000

NOI: $48,000/Year

Cap Rate: 7.11%

Year Built: 2023

Building Size: 1,260 SF

Lot Size: 0.47 Acre
Lease Summary

Tenant – Local QSR Operator with over 15 years experience

Lease Start – March 1, 2026

Expiration – February 28, 2029

Monthly Rent – $4,000/Month

Option – 3-yr @ $4,400/Month

Structure – Triple Net (NNN)
Area Neighbors

The Home Depot

Papa Johns

Subway

Phillips 66