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7421 E 21St St N Wichita, KS 67205

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For Sale
$2,615,748

11+ year NNN lease with credit rated tenant.

Property size:
13,367 SF
Lot size:
1.07 Acres

Property Features for 7421 E 21St St N

General Information

Size
13,367 SF
Lot size
1.07 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Long-Term NNN Leased Office

This property features a new long-term absolute net lease with over 11 years of base lease-term remaining. The lease includes four five-year options, each with 10% increases every 5 years. The tenant, Farm Bureau, executed a brand new lease in February 2021 via sale-leaseback. As a regional claims center, this office location provides essential insurance claim services to customers throughout the region. The tenant executed a new long-term lease in February 2021, indicating a long-term commitment to this location. Farm Bureau is rated A (Excellent) by AM Best credit rating agency. The property is suitable for a recession-proof tenant due to the essential nature of insurance. The property has a size of 13367 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Farm Bureau Financial ... Insurance Agency

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wichita
County
Sedgwick
State
Kansas
Longitude
-97.42933
Latitude
37.722616

FAQs

What type of property is this?
Office building - 11+ year NNN lease with credit rated tenant.
Where is this office building located?
The property is located at 7421 E 21St St N Wichita, KS.
What is the asking price?
The asking price for this property is $2,615,748.
What are key features of this property?
This property features: - New Long-Term Absolute Net Lease with 11+ years remaining and four (5) year options.; - Credit Rated A (Excellent) Tenant: Farm Bureau.; - Mission Critical Regional Claims Center.
More about this property
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