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Pacific Dental & Freddy's | Andover, KS 646 E Cloud Ave 5,560 SF 100% Leased Retail Building Andover, KS 67002 $3,560,000 ($640.29/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Two-Tenant NNN Retail Investment at Andover Marketplace
- A 50,000-Square-Foot YMCA Branch and other Retailers
- Corporate Freddy’s Frozen Custard & Steakburgers with Drive-Thru: Brand new 10-year lease
- A 160-Acre Mixed-Use Development that is Home to Dillons Marketplace (Kroger)
- Corporate Pacific Dental Services: Brand new 10-year lease
- Across From the New Heritage Mixed-Use Development
EXECUTIVE SUMMARY
New Construction 2-Tenant Pad Drive Thru | 10-Year Corporate Leases; Strong Increases | #1 Affluent Suburb in Wichita; $153,000+ AHHI
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,560 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$3,560,000
Price Per SF
$640.29
Cap Rate
6%
NOI
$213,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.20 AC
Zoning
PUD/B-3 - Planned Unit Development
Parking
56 Spaces (10.07 Spaces per 1,000 SF Leased)
Frontage
277’ on Cloud Avenue
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $530,270 | Total Assessment | $530,270 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$530,270
Improvements Assessment
$0
Total Assessment
$530,270
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Pacific Dental & Freddy's | Andover, KS | 646 E Cloud Ave
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