7421 E 21st St N, Wichita, KS

Listing agent Glen Kunofsky License #49KU1129178

Listing office NNN Pro Group g***@nnnpro.com Show Phone

Listing date Jan 28, 2025

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

• Map
• Local Demand

City

Wichita

County

Sedgwick

State

Kansas

Longitude

-97.4293

Latitude

37.7226

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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 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.