Family Dollar Anchored Strip Center

Shopping Center for Sale
Catylist Listing ID: 30535271
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 28,443 SF
Gross Building Area: See Agent
Gross Land Area: 3.18 Acres
Sale Price: $2,200,000
Unit Price: $77.35 PSF
Property Use Type: Investment
Building Name: Park City Mall
Sale Terms: Cash to Seller
Cap Rate: 8.67%
Last Updated: 8/26/2020

Overview / Comments

- Location: 61st & Hydraulic, Park City, KS

- In Place NOI: $190,693

- Tenants: Family Dollar, Cancun Mexican Restaurant, Arbuckle Mountain Fried Pies, Park City Barber, Sit N Spin Laundromat, State Farm Insurance, Hometown Rentals and Sew Works

- 2018 Taxes: $34,065

- Recently renovated (new roof 2018/2019)

- New 10-year lease with Family Dollar in 2018*

- New 5-year lease with Hometown Rental March 2019

- Multiple HVAC units replaced in 2018/2019

- New monument sign in 2018

*Termination right if gross sales do not exceed $1,300,000 during 12 months prior to 4/30/2023

Current Tenants

Tenant Business Name Family Dollar, Inc.
Is Renting? Yes
SF of Space Occupied 9,317 SF
Tenant Business Name Cancun Mexican Cantina
Is Renting? Yes
SF of Space Occupied 3,754 SF
Tenant Business Name Arbuckle Mountain Fried Pies
Is Renting? Yes
SF of Space Occupied 1,411 SF
Tenant Business Name Park City Barber
Is Renting? Yes
SF of Space Occupied 808 SF
Tenant Business Name Sit N Spin Laundromat
Is Renting? Yes
SF of Space Occupied 1,200 SF
Tenant Business Name State Farm Insurance
Is Renting? Yes
SF of Space Occupied 2,273 SF
Tenant Business Name Hometown Rentals
Is Renting? Yes
SF of Space Occupied 5,280 SF
Tenant Business Name Sew Works
Is Renting? Yes
SF of Space Occupied 4,000 SF
Tenant Business Name Family Dollar, Inc.
Is Renting? Yes
SF of Space Occupied 9,317 SF
Tenant Business Name Cancun Mexican Cantina
Is Renting? Yes
SF of Space Occupied 3,754 SF
Tenant Business Name Arbuckle Mountain Fried Pies
Is Renting? Yes
SF of Space Occupied 1,411 SF
Tenant Business Name Park City Barber
Is Renting? Yes
SF of Space Occupied 808 SF
Tenant Business Name Sit N Spin Laundromat
Is Renting? Yes
SF of Space Occupied 1,200 SF
Tenant Business Name State Farm Insurance
Is Renting? Yes
SF of Space Occupied 2,273 SF
Tenant Business Name Hometown Rentals
Is Renting? Yes
SF of Space Occupied 5,280 SF
Tenant Business Name Sew Works
Is Renting? Yes
SF of Space Occupied 4,000 SF

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 087092090440500200
Zoning: C-1 CENTRAL BUSINESS DISTRICT
Retail Clientele: General
Property Located Between: Hydraulic and I-135
Property Visibility: Excellent
Largest Nearby Street: 61st St N

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,180 22,325 72,956
Median Age: 31.46 36.38 35.71
Households: 2,987 8,311 28,161
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