12111 21st N St Wichita, KS 67206-3541

This exceptional investment opportunity presents a fully leased, multi-tenant retail building situated in Wichita, Kansas at 12111 E 21st St N, zip code 67206. The property, built in 2004 and extensively renovated in 2023, boasts 13,209 square feet on a 1.2-acre lot within the Limited Commercial zoning of Sedgwick County. Currently housing two tenants with a 100% occupancy rate, this shopping center generates a substantial Net Operating Income (NOI) of $259,864, translating to a compelling 7.53% capitalization rate. The asking price is $3,450,000, representing a price per square foot of $261.19. Leases are structured as Triple Net (NNN) with built-in rent bumps of 2.5% annually commencing October 2025, ensuring consistent income growth. The property features convenient door-side parking, an open floor plan conducive to various retail uses, and valuable basement storage space. Its prime location offers easy access to a vibrant mix of restaurants, medical offices, financial services, and shopping, and is nestled near affluent residential neighborhoods, schools, and churches in Northeast Wichita. This is a rare opportunity to acquire a high-performing, well-maintained retail asset in a desirable location with significant upside potential.