NNN-Leased Grocery
10520 West 13th Street North, Wichita, KS 67212
For Sale
New
Contact for pricing
A single-tenant lease extends through June 2035, with additional renewal options available.
Property Size15,000 SF
Lot Size1.64 Acres
Price / SF$337.90
Days on Market6
Property Features for 10520 West 13th Street North
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License GA #349355
(404) 504-7893
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
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Investment Insights
Based on property information with market context.
Natural Grocers occupies a 15,000-square-foot grocery property on 1.64 acres in Wichita. Built in 2014, the site is leased on an NNN basis to the named grocery tenant. The lease runs through June 2035 and includes three remaining five-year options; the tenant exercised a renewal option ahead of schedule.
The property is located at 10520 West 13th Street North. By store visits, this location ranks first among Natural Grocers in Kansas and in the top 11% nationally.
The property is located at 10520 West 13th Street North. By store visits, this location ranks first among Natural Grocers in Kansas and in the top 11% nationally.
Key Highlights
- 15,000‑square‑foot grocery property on 1.64 acres
- NNN lease runs through June 2035, with three 5‑year options remaining
- Tenant exercised a renewal option early
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,770
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,515,400
$3.5M
Cap Rate 7%
$2,511,000
$2.5M
Cap Rate 9%
$1,953,000
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$252.0K $16.80/SF
− Vacancy
−$17.6K −$1.18/SF
EGI
$234.4K $15.62/SF
− OpEx
−$58.6K −$3.91/SF
NOI
$175.8K $11.72/SF
Area
ZIP 67212
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,515,400
Cap Rate 7%
$2,511,000
Cap Rate 9%
$1,953,000
Alternative Uses
Best Use
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,770 @ 7.0% cap · market cap 3.47%
Second Best
Retail
$2.23M
$1.95M – $2.60M
NOI $156,152 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,104 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 37%
Dining 11%
Natural Grocers
Groceries
10,158 visits/mo
0.2 miles
Dillons Fuel Center
Shops & Services
9,409 visits/mo
0.1 miles
Little Caesars Pizza
Dining
3,121 visits/mo
0.1 miles
Zips Car Wash
Shops & Services
2,368 visits/mo
0.2 miles
Kansasland Tire & Service
Shops & Services
1,231 visits/mo
0.1 miles
Demographics for 67212, KS
43,587
Population
19,409
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
3,487
Density / Sq Mi
$64,957
Median Household Income
$42,601
Median Earnings
$1,021
Median Rent
$189,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - A single-tenant lease extends through June 2035, with additional renewal options available.
Where is this grocery and convenience store located?
The property is located at 10520 West 13th Street North Wichita, KS.
What is the asking price?
The asking price for this property is $5,068,500.
What are key features of this property?
This property features: 15,000‑square‑foot grocery property on 1.64 acres; NNN lease runs through June 2035, with three 5‑year options remaining; Tenant exercised a renewal option early
