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520 E Cloud Ave
Andover, KS 67002

$3,272,000 USD

Restaurant For Sale  •  2,300 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,300 SF
  • Lot Size 1.03 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 5.35 %
  • Tenancy Single
0 Transit Score
48 Walk Score

Highlights

Single-Tenant Chipotle Drive-Thru Pad at Andover Marketplace
New 15-year NNN lease
10% increases every 5 years during the base term and each of the four 5-year options
New Chipotlane Prototype Building: Approximately 60%-70% of all business for quick service restaurants come through the drive-thru
Across From the New Heritage Mixed-Use Development: Heritage is a new 103-acre development
Explosive Growth and Affluent Demographics: Andover is the most affluent suburb of Wichita
Cap Rate: 5.35 %

Public Transportation

AirportDriveWalkDistance
Wichita Dwight D Eisenhower Ntl 26 min - 17.9 mi
Jeff Lefko 844-585-7682 Hanley Investment Group
Jeff Lefko 844-585-7682 Hanley Investment Group