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INVESTMENT HIGHLIGHTS
- Store Operated by Flynn Restaurant Group, Over 2,400 Locations and $4.2 Billion in Annual Sales
- Located In New Market Square, A 1,000,000 Square Foot Regional Lifestyle Center
- Average Household Incomes Within A 5-Mile Radius Are $85,000+
- Estimated Traffic Volume Of 26,831 VPD
- Major Area Retailers Include: Walmart, Target, Dillon's, Marshall's, Starbucks, Academy Sports & Outdoors, Planet Fitness, And Many More!
EXECUTIVE SUMMARY
HMX Realty Advisors is pleased to present the exclusive listing for a brand-new Panera Bread located at 2901 N Maize Rd in Wichita, Kanas. The newly constructed site will consist of roughly 3,950 rentable square feet of building space on .95 -acre parcel of land. The initial annual is $153,470 and will increase throughout the term of the lease and in each option period. There are Three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.
Wichita is the largest city in Kansas and the county seat of Sedgwick County In the 1920s and 1930s, businessmen and aeronautical engineers established aircraft manufacturing companies in Wichita, including Beechcraft, Cessna and Stearman Aircraft The city became a US aircraft production hub known as the “Air Capital of the World” Textron Aviation, Learjet, Airbus and Spirit AeroSystems continue to operate design and manufacturing facilities in Wichita, and the city remains a major center of the American aircraft industry Wichita is also home to McConnel Air Force Base and Wichita Dwight D Eisenhower National Airport, the largest airport in Kansas. As an industrial hub, Wichita is a regional center of culture, media and trade It hosts several universities, large museums, theaters, parks and entertainment venues, notably Int rust Bank Arena and Century II Performing Arts Convention Center The city’s Old Cowtown Museum maintains historical artifacts and exhibits on the city’s early history Wichita State University is the third largest post secondary institution in the state, with a total enrollment exceeding 15 000 students Healthcare is also a prominent industry sector in Wichita, employing approximately 28 000 people in the area The Kansas Spine Hospital opened in 2004 as did a critical care tower at Wesley Medical Center In July 2010 Via Christi Health, which is the largest provider of healthcare services in Kansas, opened a hospital that serves the northwest area of Wichita Museums and landmarks devoted to science, culture, and area history are also located throughout the city Several lie along the Arkansas River west of downtown ,including the Exploration Place Science and Discovery Center, the Mid America All Indian Center, the Old Cowtown Living History Museum, and the Keeper of the Plains statue and its associated display highlighting the daily lives of Plains Indians Other museums in Wichita include the Wichita Sedgwick County Historical Museum, Sedgwick County Memorial Hall and Soldiers and Sailors Monument, Museum of World Treasures and the Great Plains Transportation Museum
Wichita is the largest city in Kansas and the county seat of Sedgwick County In the 1920s and 1930s, businessmen and aeronautical engineers established aircraft manufacturing companies in Wichita, including Beechcraft, Cessna and Stearman Aircraft The city became a US aircraft production hub known as the “Air Capital of the World” Textron Aviation, Learjet, Airbus and Spirit AeroSystems continue to operate design and manufacturing facilities in Wichita, and the city remains a major center of the American aircraft industry Wichita is also home to McConnel Air Force Base and Wichita Dwight D Eisenhower National Airport, the largest airport in Kansas. As an industrial hub, Wichita is a regional center of culture, media and trade It hosts several universities, large museums, theaters, parks and entertainment venues, notably Int rust Bank Arena and Century II Performing Arts Convention Center The city’s Old Cowtown Museum maintains historical artifacts and exhibits on the city’s early history Wichita State University is the third largest post secondary institution in the state, with a total enrollment exceeding 15 000 students Healthcare is also a prominent industry sector in Wichita, employing approximately 28 000 people in the area The Kansas Spine Hospital opened in 2004 as did a critical care tower at Wesley Medical Center In July 2010 Via Christi Health, which is the largest provider of healthcare services in Kansas, opened a hospital that serves the northwest area of Wichita Museums and landmarks devoted to science, culture, and area history are also located throughout the city Several lie along the Arkansas River west of downtown ,including the Exploration Place Science and Discovery Center, the Mid America All Indian Center, the Old Cowtown Living History Museum, and the Keeper of the Plains statue and its associated display highlighting the daily lives of Plains Indians Other museums in Wichita include the Wichita Sedgwick County Historical Museum, Sedgwick County Memorial Hall and Soldiers and Sailors Monument, Museum of World Treasures and the Great Plains Transportation Museum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,950 SF
Building Class
C
Year Built
2020
Price
$3,130,000
Price Per SF
$792.41
Cap Rate
4.90%
NOI
$153,470
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.96 AC
Zoning
Commercial
Parking
54 Spaces (13.67 Spaces per 1,000 SF Leased)
Frontage
207’ on North Maize Road
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Panera Bread
- -
- 3,950 SF
- $38.85
- Triple Net
- Oct 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Panera Bread | - | 3,950 SF | $38.85 | Triple Net | Oct 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 133060110100101 | Improvements Assessment | $286,268 |
| Land Assessment | $176,850 | Total Assessment | $463,118 |
PROPERTY TAXES
Parcel Number
133060110100101
Land Assessment
$176,850
Improvements Assessment
$286,268
Total Assessment
$463,118
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2901 N Maize Rd
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