Power Center Shadowed Net Leased Retail Investment

Retail-Commercial for Sale
Catylist Listing ID: 30288304
Property Subtypes: Retail-Pad, Other
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Sale Price: $4,415,000
Unit Price: $367.92 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/13/2018

Overview / Comments

Description
12,000 SF retail center for sale in the new Greenwich Place Shopping Center. Built in 2017 and fully occupied.

Average Household Income:
1-mile: $159,188, 3-mile: $121,006, 5-mile: $90,307

Highlights
Existing Tenants: Verizon Wireless, Freezing Moo, Bling, Advance Nail, Charming Charlie’s
Prominent A+ trophy location
Brick and EIFS Construction
Landlord responsible for roof and structure
Year One NOI: $287,038
Cap Rate: 6.5%

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,996 37,217 120,443
Median Age: 36.05 39.74 36
Households: 2,373 15,172 49,103

Contact

Photograph of Listing Agent

Nathan Farha

NAI Martens
KSCRE Member
Photograph of Listing Agent

John O'Rourke

NAI Martens
KSCRE Member
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