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Wichita, KS - Panera Bread (DO NOT USE)

$3,271,000

2901 North Maize Road, Wichita, KS 67205

Active
Last Updated: 06/24/2026

5.15

Cap Rate

168,470

NOI

Details:
Cap Rate:    5.15%
NOI:    $168,470
Building Size:    3,948 sqft
Lot Area:    0.95 acres
Occupancy:    100%
Year Built:    2021
Zoning:    CUP - Conditional Use Permit
Year Last Renovated:    2024
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

Map:
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