Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3058 Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, freestanding former Popeyes restaurant located at 1211 N. Broadway in Wichita, KS (the “Property”). Delivered vacant and free of lease encumbrances, this offering presents a compelling opportunity for an owner-user, investor, or developer to acquire a well-located, second-generation QSR asset with existing drive-thru infrastructure at an attractive basis. Constructed in 1986, the Property consists of a ±2,518-square-foot freestanding building situated on a ±0.72-acre parcel along N. Broadway, a primary north–south arterial corridor through Wichita. The site features a signalized location with strong frontage and visibility, ample on-site parking, and an existing drive-thru configuration, significantly reducing conversion costs for QSR, coffee, or fast-casual concepts. With no existing lease in place, investors are afforded full operational flexibility, including the ability to lease-up at market rents, structure a long-term NNN investment, reposition the asset for adaptive reuse, or stabilize for resale. The Property is positioned within a dense infill trade area supported by 12,763 residents within one mile, 104,459 residents within three miles, and 222,949 residents within five miles. Average household incomes reach approximately $59,948 within a five-mile radius, providing a stable and established consumer base. N. Broadway serves as a key commuter and commercial corridor connecting Downtown Wichita to northern residential neighborhoods and regional retail corridors, supporting consistent daily traffic and long-term retail viability. Wichita, widely recognized as the “Air Capital of the World,” anchors a diversified regional economy spanning aviation manufacturing, healthcare, education, government, finance, and energy. The Wichita MSA supports approximately 652,939 residents and a gross domestic product exceeding $46 billion, reinforcing the city’s economic depth and employment base. Major regional demand drivers include healthcare systems, universities, military installations, and aviation manufacturers, all contributing to steady daytime population and consumer traffic throughout the corridor. This former Popeyes location represents a strategic value-add play in a mature urban corridor, offering investors the opportunity to capitalize on below-replacement-cost basis, strong demographic fundamentals, and flexible repositioning potential within one of Kansas’s most established metropolitan markets.