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Wendy's 1524 E 30th Ave 2,228 SF Retail Building Hutchinson, KS 67502 $2,334,742 CAD ($1,047.91 CAD/SF) 5.25% Cap Rate
Investment Highlights
- 25-year absolute net ground lease featuring 10% rental increases every 5 years
- Pad to #1 ranked Dillons location nationwide (per Placer.ai)
- Experienced 122-unit Wendy’s franchisee: Cotti Foods – almost 60 years of operating history
- Brand-new 2026 construction with drive-thru
- Direct ingress/egress from E 30th Avenue – 14,975 VPD
- Hutchinson is the largest city in Reno County (~40,000 residents) and serves as the primary retail and dining hub for Reno County
Executive Summary
Brand-new, 25-year absolute net ground lease featuring 10% rental increases every 5 years throughout the base terms and options with zero landlord maintenance or expense obligations making it ideal for passive investors. The subject property is a new construction building with a drive-thru and the operator is an experienced 122-unit Wendy’s franchisee.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,228 SF
Building Class
B
Year Built
2026
Price
$2,334,742 CAD
Price Per SF
$1,047.91 CAD
Cap Rate
5.25%
NOI
$122,594 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.79 AC
Frontage
184’ on East 30th Avenue
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 029-32-0-30-10-010.00 | Improvements Assessment | $625,769 CAD |
| Land Assessment | $47,285 CAD | Total Assessment | $673,054 CAD |
Property Taxes
Parcel Number
029-32-0-30-10-010.00
Land Assessment
$47,285 CAD
Improvements Assessment
$625,769 CAD
Total Assessment
$673,054 CAD
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Wendy's | 1524 E 30th Ave
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