Wichita, KS - Panera Bread (DO NOT USE)
$3,271,000
2901 North Maize Road, Wichita, KS 67205
5.15
Cap Rate
168,470
NOI
Details:
Description:
• 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
• The subject property is located in close proximity to NewMarket Square with major tenants including Target, Walmart, Best Buy, Barnes & Noble, Petco, Ross, and many others
• Near Central Park Plaza, a Lowe’s and Academy anchored center with other national/credit tenants including LongHorn Steakhouse, Jersey Mike’s, Panda Express, Mattress Firm, and more
• Located in a dense retail corridor with other national/credit tenants including Sam’s Club, Hobby Lobby, Planet Fitness, Chick-fil-A, McDonald’s, Dutch Bros, Dunkin’, Culver’s, and others
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery