2775 Greenwich RdWichita, KS 67226

Property Details for 2775 Greenwich Rd

Lot size

0.68 AC

Property type

Parking lots & garages

APN

087-112-04-0-11-02-002.02

APU

87112040110200202

Description

This exceptional investment opportunity presents a brand-new, 4,500-square-foot Sherwin-Williams storefront in Wichita, Kansas. Built in 2023, the property boasts a strong 10-year net lease with four, 5-year renewal options, commencing January 14th, 2024. The building sits on a 0.63-acre lot in a high-traffic retail area, receiving over 5.4 million annual visits. Its prime location is approximately 11 miles from downtown Wichita and 20 miles from Wichita National Airport. The property benefits from its proximity to the Greenwich Place Shopping Center, a major retail development featuring national brands like REI, Total Wine, and HomeGoods, and is conveniently located near Topgolf and a 9-hole mini golf course. The property's strong financial performance is reflected in a 5.60% cap rate and a net operating income (NOI) of $164,000, with an asking price of $2,930,000 ($651.11/sq ft). Sherwin-Williams, a financially stable company with $23.05 billion in 2023 revenue, provides a secure and reliable tenant. This single-tenant, single-story building offers a compelling investment opportunity with significant long-term potential. The 100% occupancy ensures immediate cash flow.

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7339

Longitude

-97.2092

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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