2929 Rock RdWichita, KS 67226

This exceptional investment opportunity presents the Comotara Center, a 55,677 square foot shopping center located at 2929 N Rock Rd, Wichita, Kansas 67226. The property boasts a diverse tenancy of 12 units, including prominent national brands like Dollar Tree and Five Guys, ensuring stable cash flow. Currently operating at 93% occupancy, the center generates a substantial net operating income (NOI) of $625,068, representing a 6.76% cap rate on the $9,250,000 asking price. The property features three buildings situated on a 5.14-acre lot, constructed between 1985 and 1988, and zoned LC. Significant recent improvements include a repaved parking lot (two years ago) and new parking lot lighting. Furthermore, the roof is covered under warranty until 2029. An attractive feature is the assumable debt at 5.25% with a 30-year amortization, fixed for another 7 years. This stabilized investment offers a compelling combination of strong tenants, excellent location, and significant upside potential. The property benefits from superb retail demographics and internet-resistant tenants, ensuring long-term stability and value appreciation. The price per square foot is $166.14.