2310 E Kansas Ave - Department Store FOR SALE


Garden City, KS 67846
$9,680,000 USD
844-585-7682
2310 E Kansas Ave, Garden City, KS for Sale
$9,680,000 USD
Department Store - FOR SALE
1/4
null | 7% Cap Rate

2310 E Kansas Ave
Garden City, KS 67846


HIGHLIGHTS

  • Garden City Plaza is a 72,253 Square Foot Shopping Center 100% Occupied by National Corporate Tenants
  • Western Kansas’ Primary Retail Corridor; Over 1 Million SF of Retail Within 1-Mile: Garden City Plaza is surrounded by high-performing tenants
  • Garden City is the Regional Hub of Western Kansas; Growing Trade Area (500,000+ People) and Extremely Strong Big Box and Junior Box Market
  • Corporate-Guaranteed Leases
  • Brand-New 2024 Renovation

OVERVIEW

The property is across from Target and 0.75 miles away from Schulman Crossing (400,000 SF neighborhood shopping center; 2.9 million annual visitors) New Long-Term Corporate Leases | Western Kansas’ Primary Retail Hub | Rare Passive Investment Where Kohl’s Maintains the Entire Property Burlington - 22,451 SF. Long-Term Corporate Lease (NYSE: BURL) | Western Kansas’ Primary Retail Hub | 2024 Renovation; New Prototype Burlington New 10.5+ Year Lease; 10 Years Remaining $0.50/SF Increases in Year 11 and in Each of the Four 5-Year Options Corporate-Guaranteed Lease, Brand-New 2024 Renovation, Burlington Reported Strong Q4 2024 Results - Total Sales Increased 10% and FY2024 Saw Total Sales Growth of 11% Kohl's - 42,214 SF Corporate Lease | Below-Market Rent | Western Kansas’ Primary Retail Hub | Target Shadow-Anchored; Only Target in 200 Miles Davita Dyalisis - 7,588 SF. Tenant recently exercised its first 5-year option; 4+ years remaining Below-market rent of $5.60 PSF

FOR SALE DETAILS

PRICE

$9,680,000 USD

PRICE/SF

$134 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burlington | Garden City, KS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

360

LAND DETAILS

LAND ACRES

9.1 AC

LAND SF

396,396 SF

ZONING

C2

APN/PARCEL ID

272-09-0-30-06-004.00-0

ASK ABOUT THIS PROPERTY

Jeff LefkoHanley Investment GroupMore Info
844-585-7682

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Jeff LefkoHanley Investment GroupMore Info
844-585-7682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.