Walmart Shadow Anchored Strip Center

Shopping Center for Sale
Catylist Listing ID: 30513486
Property Subtypes: Grocery-Anchored, Mixed Use, Neighborhood Center, Strip Center
Building Size (RSF): 8,000 SF
Gross Land Area: 1.49 Acres
Sale Price: $2,666,400
Unit Price: $333.30 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 80
Last Updated: 10/9/2019

Overview / Comments

- NOI: $199,980 (includes 1 year landlord leaseback of vacancy)

- Tenants: Mattress Hub, Crown Wireless (Cricket), Bank of America and AT&T

- Bank of America has an ATM on the south end of the property

- Occupancy: 80%

- Last available space is end-cap with drive-thru capability

- Shadow anchored strip center in front of the highest grossing Walmart Supercenter in Wichita MSA

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Tax ID/APN: 212-04-0-22-01-004.00
Zoning: GENERAL COMMERCIAL
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Pawnee
Feet of Frontage: 174
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2016
Parking Type: Structure
Total Parking Spaces: 70

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,897 109,052 219,014
Median Age: 31.74 32.63 33.45
Households: 6,537 43,948 88,867
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