Map of Property

South Oliver Street

For Sale

South Oliver Street, Wichita, KS 67218

This Wichita property for sale is located at South Oliver Street. The current listed sale price for South Oliver Street is $449,000.

Contacts

broker
Matthew Masoud

eXp Commercial

Property Details

  • Property Type Retail - Strip
  • Property Size 5,030 SF
  • Units 3
  • Property Tenancy Multi-Tenant
  • Year Built 1980
  • Year Renovated 2025
  • Date Updated Jun 23, 2025
Situated along Oliver Street, a major thoroughfare with over 17,000 vehicles per day, the property benefits from excellent visibility and steady traffic. The surrounding area features dense residential neighborhoods, contributing to strong local demand and consistent tenant performance. Recent renovations to both the exterior and interior spaces ensure long-term durability and curb appeal.1650 S Oliver St is a 5,030 square foot fully renovated retail strip center located in Wichita, Kansas. The property is 100% leased with brand new NNN leases in place, each featuring annual CPI-based rent increases. This provides built-in income growth and a hedge against inflation, making it an attractive option for investors seeking long-term, passive cash flow with minimal management responsibilities. Situated along Oliver Street, a major thoroughfare with over 17,000 vehicles per day, the property benefits from excellent visibility and steady traffic. The surrounding area features dense residential neighborhoods, contributing to strong local demand and consistent tenant performance. Recent renovations to both the exterior and interior spaces ensure long-term durability and curb appeal. The site features ample on-site parking, monument signage, and a strong mix of neighborhood-serving tenants. This is an excellent opportunity to acquire a stabilized retail asset in a growing Midwest market with an 8.6% cap rate and additional upside through future rent escalations.
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Highlights

  • 100% Occupied with New NNN Leases
  • 8.6% Capitalization Rate
  • Ample On-Site Parking and Monument Signage
  • Fully Renovated Retail Center
  • Prime Location with 17,000+ Vehicles Per Day
  • Strong Tenant Mix and Local Foot Traffic

Getting around

  • 2/100

    Walk Score ®

  • 31/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Wichita, KS
  • Neighborhood McConnell AFB
  • Zip Code 67218
  • Market Wichita

Points of Interest

  • Safari Express Main Station

    9.92 miles

  • Safari Express Gorilla Station

    9.94 miles

  • Kwik Shop

    1.01 miles

  • QuikTrip

    1.76 miles

  • JumpStart

    2.37 miles

  • Casey's General Store

    2.78 miles

  • Tesla Supercharger

    2.93 miles

  • Lot U

    0.54 miles

  • Lemon Lot

    1.82 miles

  • area to ride bikes

    2.59 miles

  • Parking lot

    2.74 miles

  • Southeast High School Parking Lot

    5.10 miles

  • Century II Parking

    5.65 miles

  • Old Town Parking Garage

    5.67 miles

  • Lot Q

    5.68 miles

  • Wesley Medical Center Public Parking

    5.69 miles

  • Chiang Mai Thai

    1.75 miles

  • Sonic

    1.91 miles

  • McDonald's

    2.23 miles

  • Subway

    2.25 miles

  • IHOP

    2.59 miles

  • Arby's

    2.63 miles

  • Hog Wild

    2.75 miles

  • El Jalisco Mexican Restaurant

    2.75 miles

  • KFC

    2.76 miles

  • Braum's

    2.81 miles

  • Lao Food Market

    1.74 miles

  • Base Exchange

    1.99 miles

  • Commissary

    2.04 miles

  • Thai An Market

    2.51 miles

  • La Guelaguetza Supermarket

    2.53 miles

  • Kohl's

    2.54 miles

  • Guelaguetza Market

    2.70 miles

  • Dillons

    3.05 miles

  • La Michoacana

    3.16 miles

  • Walmart Supercenter

    3.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Matthew Masoud

eXp Commercial

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