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Listed by Reese Bayliff • Reece Nichols South Central Kansas
$1,600,000
Est. payment /mo
0.68 Acres Lot
New
10221 W 21st Wichita, KS 67205
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision None Listed On Tax Record
MLS Listing ID SCK681831
Year Built 2026
Annual Tax Amount $42,541
Tax Year 2025
Lot Size 0.680 Acres
Acres 0.68
Property Sub-Type Retail
Source sckansas
Land Area 550
Property Description
Investment Opportunity! Absolute NNN Land Lease. Newly constructed 7 Brew drive-thru coffee located at 10221 W 21st St N in Wichita, Kansas. Offered at $1,600,000(5.75% cap rate) and current NOI of $92,000.00 annually, this asset provides investors with stable cash flow backed by a 15-year land lease to be executed at closing. The lease structure includes 8% rental increases every five years, creating built-in income growth over the hold period. Situated on approximately 0.68± acres along one of Wichita's primary commercial corridors with traffic counts exceeding 26,000 vehicles per day, the property benefits from strong visibility, excellent access, and surrounding national retail synergy including major regional shopping destinations and established traffic generators. Completed in 2026, this newly developed asset offers minimal maintenance exposure and long-term passive income potential within an established trade area. Ideal for 1031 exchange buyers, private investors, family offices, and net lease portfolios seeking new construction credit retail investments.
Location
State KS
County Sedgwick
Area 550
Zoning Limited Comm
Direction 10221 W 21st St N.
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete
Fireplace No
Heat Source Forced Air
Exterior
Garage Description Parking Lot
Utilities Available Natural Gas Available, Electricity Available
View Y/N Yes
Roof Type Metal
Street Surface City Arterial
Building
Story 1
Structure Type Other
Others
Miscellaneous Other/See Remarks
Nearby Locations
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