2775 Greenwich RdWichita, KS 67226

For Sale
$2,930,000

High-yield, corporate-leased retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Brand-new, 4,500 SF Sherwin-Williams storefront on a 0.63-acre lot, built in 2023.
  • 10-year net lease with four 5-year renewal options, commencing January 14, 2024.
  • High-traffic retail location, approximately 11 miles from downtown Wichita and 20 miles from Wichita National Airport.
  • Excellent location across from Greenwich Place Shopping Center (REI, Total Wine, HomeGoods, etc.) and near Topgolf.
  • Strong investment opportunity with a 5.60% cap rate, $164,000 NOI, and an asking price of $2,930,000 ($651.11/SF). Sherwin-Williams generated $23.05B in 2023 revenue.

Property Details for 2775 Greenwich Rd

Property type
Other retail properties, Individual retail properties
Square Feet
4,500 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.7344761
Longitude
-97.2086232
2775 Greenwich Rd, Wichita, Kansas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2775 Greenwich Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message