Derby K-15 Retail Center

Retail-Commercial for Sale
Catylist Listing ID: 30644632
Property Subtypes: Street Retail
Building Size (RSF): 14,064 SF
Gross Land Area: 1.55 Acres
Sale Price: $1,100,000
Unit Price: $78.21 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

Retail strip center for sale with K-15 visibility & access adjacent to Wal-Mart Shopping Center & Atwood's. Located in the quickly expanding Derby suburb of Wichita - the largest suburb of Wichita with a population of over 22,000 people. Derby is known for its strong school district & its strong retail growth over the past decade.

Highlights
14,064 SF Retail center
Adjacent to Wal-Mart Super Center and Atwoods
Currently 43% occupied
8,000 SF available for lease
Upside potential with vacancy lease up
Pro-Forma NOI - $117,446
Asking Price - $1,100,000
Financials available upon request

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087217360310100400

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,690 27,209 79,735
Median Age: 35.27 35.24 34.66
Households: 2,493 10,163 29,650

Contact

Photograph of Listing Agent

Grant Glasgow

NAI Martens
KSCRE Member
Photograph of Listing Agent

Ryan Hubbard

NAI Martens
KSCRE Member
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