1280 Tyler RdWichita, KS 67212

Property Details for 1280 Tyler Rd

Year built

2021

Lot size

0.30 AC

Property size (Sq ft)

2,157 SF

Property type

Drive through restaurants

APN

087-135-16-0-22-01-002.04

APU

87135160220100204

Description

This exceptional investment opportunity presents a 2,128 square foot HTeaO franchise located at 1280 N Tyler Rd, Wichita, KS 67212. Built in 2021, this single-story building boasts a 100% occupancy rate with a Net Lease (NN+) structure, offering a passive income stream for the investor. The lease features a remaining term of approximately 6.7 years, extending to July 31, 2031, with two 5-year options. The property benefits from a 10% rent increase every five years, with the next increase scheduled for August 2026. The current Net Operating Income (NOI) stands at $106,400, yielding a 5.60% cap rate. The property is situated in a prime location in western Wichita, directly off Interstate 235 (approximately 30,000 vehicles per day) and near Wichita Northwest High School, serving a substantial population with an average household income exceeding $85,000 within a 5-mile radius. The property includes a double drive-thru, a key feature for this quick-service restaurant (QSR) concept. The landlord's responsibilities are limited to the roof and structural components of the building. HTeaO, a leading iced tea distributor, has approximately 150 stores currently operating, with expansion plans to reach 500 locations by the end of 2026. The franchisee operating this location opened a second Wichita store in 2023 and plans to open a third in late 2024 or early 2025, demonstrating confidence in the brand and location. The property's APN is 087-135-16-0-22-01-002.04. This is a compelling investment opportunity with strong potential for long-term growth and passive income.

• CAP approach

  CAP return

  Valuation

  6%

  $488,694

  6.5%

  $451,102

  7%

  $418,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $654,016

  Geo Method

  $654,016

• Alternative Use

  Use

  Valuation

  Residential

  $380,521

  Hospitality

  $348,555

  Educational

  $289,994

  Medical

  $299,967

  Retail

  $451,102

Location Insight

City

Wichita

County

Sedgwick

State

Kansas

Latitude

37.7066

Longitude

-97.4438

CBSA code

48620

CBSA name

WICHITA, KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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