OverviewThe property is leased solely by Henry Industries – a full-service, nationwide provider of distribution, warehouse, and logistic needs since 1991. Wichita ranks as the #1 aerospace and defense manufacturing cluster in the US, with a population of around 650,000. The property is well-constructed and well-maintained, with a Triple Net lease in place. Current in-place rental rate: $6.59 PSF, raised to $7.05 PSF in August 2020 Highlights 24,829 SF Warehouse & Office space (Approximately 70% Warehouse) Excellent access to State Highway K-96, and James Jabara & Beech Factory Airports Directly adjacent to James Jabara airport Sprinklered Office & Warehouse Radiant & Forced Heaters in Warehouse 100% Occupancy with strong leasing history and 5 ½ years left on a 10 year. 1 remaining rent bump of an additional $950 monthly during months 61-120 (Month 61 is August 1, 2020) Minimal Landlord responsibility Tenant has preformed National business since 1991 – nearly 30 years $0.00 maintenance expenses – tenant pays for all maintenance and repairs Less than $50,000 per year Property Tax, Property Insurance costs NOI of $121,000 projected for 2020 Quality building construction – Metal Warehouse and Brick Office, renovated in 2015