4834 Lincoln St Wichita, KS 67218

Exceptional investment opportunity: the Sweetheart Diner, a 3,475 square foot, single-tenant retail property located at 4834 E Lincoln St, Wichita, KS 67218. This Class C building, originally constructed in 1960 and extensively renovated in 2023, boasts a new roof, plumbing upgrades, flooring, and paint. The property features eight parking spaces per unit. Currently operating at 100% occupancy since September 1, 2023, the diner is under a triple-net (NNN) lease with a remaining term of approximately 21.8 years, expiring September 1, 2046. The lease commenced September 1, 2023, and includes a 30-year rent-to-own option. The asking price is $250,000, representing a 10.91% capitalization rate. The tenant's monthly rent is $2,500. The rent-to-own option requires an additional $15,000 down payment after the initial $10,000, converting to a 30-year contract at 9.9% interest, with taxes and insurance the tenant's responsibility. This option projects total payments of $816,146.52 over the 30-year period. The property represents a turnkey investment with significant recent upgrades exceeding $55,000. This is a rare opportunity to acquire a piece of Wichita's history with strong financial projections.