910 S Kansas Ave - Retail FOR SALE


Liberal, KS 67901
$8,450,000 USD
918-370-2877
910 S Kansas Ave, Liberal, KS for Sale
$8,450,000 USD
Retail - FOR SALE
1/4
null | 9.03% Cap Rate

910 S Kansas Ave
Liberal, KS 67901


HIGHLIGHTS

  • 97% occupied shopping center anchored by El Rancho Grocery Store, Harbor Freight, and Galleria Furniture with strong in-place cash flow.
  • Attractive 9.03% cap rate generating $763,140 in annual NOI with diversified tenancy across 137,560 SF.
  • Recently renovated in 2024 with significant capital improvements reducing near-term maintenance exposure.
  • Strategically positioned in Liberal’s primary retail corridor serving a broad regional trade area across Kansas, Oklahoma, and Texas

OVERVIEW

This 140,000 SF shopping center in Liberal presents a rare opportunity to acquire a fully stabilized, income-producing retail asset anchored by a strong regional grocer. The property is 97% occupied and generates a current Net Operating Income of $763,000 annually, offering immediate cash flow with minimal lease-up risk. The center is anchored by El Rancho Mexican Grocery Store, which serves as a primary traffic driver for the surrounding community. The tenant mix is further strengthened by nationally recognized and necessity-based retailers including Harbor Freight Tools and Galleria Furniture, creating a well-balanced blend of daily-needs retail and durable goods offerings. Originally constructed and recently renovated in 2024, the property benefits from significant capital improvements, reducing near-term maintenance concerns and enhancing long-term asset durability. The recent upgrades position the center competitively within the market while supporting tenant retention and future leasing stability. Strategically located within the primary retail corridor of Liberal, the center serves as a key shopping destination for the trade area. Its strong occupancy, diversified tenant base, and consistent foot traffic provide investors with a stable income stream and potential for long-term appreciation.

FOR SALE DETAILS

PRICE

$8,450,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

9.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Anchored Center - Liberal Kansas

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.5 AC

LAND SF

588,060 SF

ZONING

C2

APN/PARCEL ID

193-08-0-10-01-001.07-0

ASK ABOUT THIS PROPERTY

Chandler MoreauMoreau Property AdvisorsMore Info
918-370-2877

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Chandler MoreauMoreau Property AdvisorsMore Info
918-370-2877

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