March 13, 2025 – Jack Collins of Horvath & Tremblay has successfully completed the sale of H-Tea-O in Wichita, Kansas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,836,928.
H-Tea-O is located at 12930 E 21st Street N in Wichita, Kansas. H-Tea-O has 8+ years remaining on their Absolute NNN Lease with two (2), 5-Year Renewal Options. The stand-alone building consists of 2,128 square feet and sits on 0.74 acres of land. The lease features attractive 7.5% rent increases every five years throughout the base term of the lease and the start of the renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. H-Tea-O is located along E 21st Street, one of the area’s primary commercial and commuter corridors. The Property is 0.5 miles from KS Route 96 and is convenient to national and local retailers and restaurants that drive traffic to the area. The Property is also close to residential neighborhoods, the Kansas Medical Center and area schools providing a built-in customer base. H-Tea-O is 5 miles from Wichita State University and 8 miles from Downtown Wichita.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.