KFC 45+ Year Operating History Location Since 1980 | Absolute NNN Lease
441 South West Street, Wichita, KS 67213
Price: $1,640,000
Status: Available
Cap Rate: 5.75%
Year Built: 1908 / 2018
NOI: $94,380
Lot Size: 0.50 acres
Price Per Foot:
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 7+ Years
GLA: 2,298 sqft
Property Intro
Operating as a KFC since 1980, this freestanding drive-thru NNN investment combines more than four decades of operating history at the same location with an absolute NNN lease through February 28, 2034, no landlord responsibilities and scheduled 10% rent increases every five years. The fee-simple offering includes an approximately 2,298-square-foot restaurant, remodeled in 2018, on approximately 0.50 acre.
CenterCheck ranks the restaurant 11th among the 33 Kansas KFC locations it tracks, based on approximately $1.37 million in estimated calendar-year 2025 credit/debit-card sales. Current annual rent of $94,380 represents approximately 6.9% of those estimated card sales.
The South West Street location is positioned within a hybrid trade area combining mature residential neighborhoods with established commercial and industrial uses, less than one mile from the Wichita Business Park redevelopment and approximately three miles from Wichita Dwight D. Eisenhower National Airport and its surrounding employment base. Four additional five-year renewal options complement the remaining lease term. Offered at $1,640,000, the property generates $94,380 in annual net operating income, representing a 5.75% capitalization rate.