7421 E 21st St - Office FOR SALE
Wichita, KS 67206 |
$2,615,748 USD
332-345-4222
7421 E 21st St
Wichita, KS 67206
HIGHLIGHTS
- New Long-Term Absolute Net Lease | There are 11+ years of base lease-term remaining with four (4), five (5) year options
- Mission Critical Regional Claims Center | Essential office location providing insurance claim services to customers throughout the region
- Credit Rated, Ecommerce & Recession Proof Tenant | Farm Bureau is rated A (Excellent) by AM Best credit rating agency
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Farm Bureau Insurance Regional Claims Center located at 7421 East 21st Street North, Wichita, Kansas 67206. The site consists of roughly 13367 rentable square feet of building space on an estimated 1.07-acre parcel of land. This Farm Bureau Insurance Regional Claims Center is subject to a 15-year Triple Net (NNN) lease, which commenced 2/5/2021. The current annual rent is $176,563 and has scheduled increases of 10.00% Every 5 Years.
FOR SALE DETAILS
PRICE
$2,615,748 USD
PRICE/SF
$196 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Farm Bureau Insurance Regional Claims Center
PROPERTY TYPE
Office
ADD'L SUBTYPES
Warehouse
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
29
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
GO
APN/PARCEL ID
113-07-0-12-01-001.01
ASK ABOUT THIS PROPERTY
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332-345-4222
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332-345-4222
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