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Panera Bread | 13+yrs Remain Abs NNN 2901 N Maize Rd 3,950 SF Retail Building Wichita, KS 67205 $4,462,429 CAD ($1,129.73 CAD/SF) 5.15% Cap Rate
Investment Highlights
- Operated By Flynn Restaurant Group | Options To Extend | Scheduled Rental Increases
- NewMarket Square | Central Park Plaza | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
Executive Summary
• The property is operated by Flynn Restaurant Group, the largest restaurant franchisee in the country with over 2,900 units
• 13+ years remaining with 3 (5-year) option periods to extend
• The lease features rental increases in years 3, 9, and 14 of the initial term and has increases in each option period
• 13+ years remaining with 3 (5-year) option periods to extend
• The lease features rental increases in years 3, 9, and 14 of the initial term and has increases in each option period
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,950 SF
Building Class
C
Year Built/Renovated
2021/2024
Price
$4,462,429 CAD
Price Per SF
$1,129.73 CAD
Cap Rate
5.15%
NOI
$229,834 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.95 AC
Zoning
CUP - Conditional Use Permit
Parking
45 Spaces (11.39 Spaces per 1,000 SF Leased)
Frontage
207’ on North Maize Road
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Panera Bread
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Panera Bread | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 133060110100101 | Improvements Assessment | $392,305 CAD |
| Land Assessment | $242,357 CAD | Total Assessment | $634,662 CAD |
Property Taxes
Parcel Number
133060110100101
Land Assessment
$242,357 CAD
Improvements Assessment
$392,305 CAD
Total Assessment
$634,662 CAD
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Panera Bread | 13+yrs Remain Abs NNN | 2901 N Maize Rd
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