3553 Rock RdWichita, KS 67226

Property Details for 3553 Rock Rd

Year built

1996

Construction

FRAME

Lot size

1.09 AC

Property size (Sq ft)

3,396 SF

Property type

Drive through restaurants

APN

087-109-31-0-14-03-011.00

APU

87109310140301100

Description

This exceptional investment opportunity presents a 3,653-square-foot Fazoli's restaurant located at 3553 N Rock Rd, Wichita, KS 67226. The property is a single-tenant, absolute NNN net lease with a highly desirable 6.25% cap rate, generating a net operating income (NOI) of $82,500. The lease with the established Fazoli's brand extends to June 21, 2036, featuring 10% rent bumps every five years, ensuring consistent income growth. The building, a single-story structure, benefits from its strategic location on a busy thoroughfare, near major national retailers such as Sam's Club and Kohl's, within a densely populated area (43,000 within 3 miles, 98,000 within 5 miles). This prime location sees over 15,000 daily visitors, providing significant visibility and foot traffic. The asking price is $1,320,000, representing a compelling return on investment in a thriving Wichita market. This is a rare opportunity to acquire a stable, high-performing asset with a long-term lease and a proven tenant. The property's strong fundamentals, coupled with the established brand recognition of Fazoli's, make this an attractive investment for discerning buyers seeking secure, passive income.

• CAP approach

  CAP return

  Valuation

  6%

  $862,731

  6.5%

  $796,367

  7%

  $739,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $779,040

  Geo Method

  $779,040

• Alternative Use

  Use

  Valuation

  Residential

  $671,766

  Hospitality

  $615,334

  Educational

  $511,950

  Medical

  $529,557

  Retail

  $796,367

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7483

Longitude

-97.2454

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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