10240 13Th St Wichita, KS 67212
- Lifestyle centers
- 10,240 SF
- 0.96 lot acres
Current Use by Public Records
- Howard's Optical Dispensary / Optician
Property Details for 10240 13Th St
- Year built
- 1995
- Lot size
- 0.96 lot acres
- Property size
- 10,240 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a multi-tenant retail property located at 10240 W 13th St N, Wichita, KS 67212, in Sedgwick County. The property, built in 1995, encompasses 10,240 square feet on a 0.96-acre lot and is zoned for Light Commercial use within the City of Wichita. Currently boasting 100% occupancy across six units, this single-story, Class B building offers a strong net operating income (NOI) of $110,000, translating to an attractive 8.30% cap rate. The asking price is $1,325,000, representing $129.39 per square foot. The property's diverse tenant mix includes pharmacy/drug, shopping center, and storefront uses. This is a Net Lease (NNN) investment, meaning the tenant is responsible for most operating expenses. The land value alone is $37.05 per square foot. The property's location provides excellent visibility and access, making it an ideal investment for those seeking a stable, high-performing retail asset. The APN is 133-08-0-33-02-021.00. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wichita
- County
- Sedgwick
- State
- Kansas
- Longitude
- -97.4611
- Latitude
- 37.7084
