7421 E 21st St
Wichita, KS 67206
East Wichita
HIGHLIGHTS
- New Long-Term Absolute Net Lease
- There are +/- 10.5 years of base lease-term remaining with four (4), five (5) year options with 10% increases every 5 years
- Mission Critical Regional Claims Center | Essential office location providing insurance claim services to customers throughout the region
- Credit Rated, Ecommerce & Recession Proof Tenant | Farm Bureau is rated A (Excellent) by AM Best credit rating agency
OVERVIEW
Surmount is pleased to present the exclusive listing for a Farm Bureau Regional Claims Center located at 7421 E 21st St N, Wichita, KS, 67206. The site consists of roughly 13,367 rentable square feet of building space on an estimated 1.07-acre parcel of land. This Farm Bureau Regional Claims Center is subject to a 15-year Triple Net (NNN) lease, which commenced 2/5/2021. The current annual rent is $176,563 and has scheduled increases of 10.00% every 5 years.
FOR SALE DETAILS
PRICE
$2,615,748 USD
PRICE/SF
$196 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Farm Bureau Insurance Regional Claims Center
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1991
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
GO
APN/PARCEL ID
113-07-0-12-01-001.01
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
332-345-4222
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
