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33222118
33222119

8924 E 35TH ST N, WICHITA, KS 67226-2001

Northmarq Capital, LLC
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa
$9,120,656
4 days on market
Updated 4 days ago

Corpay (BB+ Credit)

Details
APN 00185742
Property Type Office
Sub Type Traditional Office
Square Footage 35,658
Cap Rate 6.4%
NOI $583,722
Tenancy Single
Lease Type NN
Lease Term 10
Lease Expiration 02/29/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options One (1) Five (5) Year Option
Year Built 2001
Year Renovated 2026
Buildings 1
Stories 1
Acreage 6.900
Investment Type Net Lease
Lease Commencement 06/01/2026

Established Flex Facility on Expansive 6.90-Acre Parcel

Marketing description

CORPAY (BB+ Credit) at 8924 E 35th St N, Wichita, KS 67226 offers investors a compelling opportunity to acquire a corporate-leased flex asset backed by a nationally recognized tenant with more than $4.5 billion in annual revenues. Situated on an expansive 6.90-acre parcel, this established flex facility serves as a strategic relocation site and combines functionality, scale, and long-term stability. The property is secured by a new 10-year NN lease featuring 2% annual rent increases, providing durable cash flow and built-in income growth over the lease term. With its attractive corporate tenancy, strong credit profile, and mission-supportive facility, this asset presents an ideal opportunity for investors seeking dependable returns from a well-located industrial/flex investment in the Wichita market. This offering pairs a sizable site with a stable lease structure and institutional-quality tenant fundamentals, making it a standout net-leased investment opportunity.

Investment highlights

  • BB+ Credit | Corporate Lease with Tenant Revenues of $4.5+ Billion | 14% YoY Growth
  • New 10-Year NN Lease | 2% Annual Rent Increases
  • Established Flex Facility on Expansive 6.90-Acre Parcel | Relocation Site
  • Strategic Northeast Wichita Location
  • Strong Commercial Corridor Adjacent to Colonel James Jabara Airport
  • Strong Demographics | 329,000+ Residents Within 10 Miles | $115,000+ 5-Mile AHHI

Listing Contacts

Northmarq Capital, LLC
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$583,722.00
$48,643.50/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

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