10240 13Th StWichita, KS 67212

For Sale
$1,325,000

Multi-tenant NNN retail property, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • Exceptional investment opportunity.
  • High-demand location with strong tenant occupancy.
  • Significant upside potential for future income growth.
  • Property features desirable amenities and modern updates.
  • Well-maintained building in excellent condition.

Property Details for 10240 13Th St

Property type
Lifestyle centers, Power centers
Square Feet
10,240 SF
Class
B
Year Built
1995
Buildings
1
Stories
1
Lot Size (sq. ft)
41,818 SF
Units
6

Location Insight

City
Wichita
County
Sedgwick
State
Kansas
Latitude
37.708381816608
Longitude
-97.461105238333
10240 13Th St, Wichita, Kansas

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10240 13Th St
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