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Sherwin-Williams 114 E 6th St 4,356 SF 100% Leased Retail Building Concordia, KS 66901 $249,000 ($57.16/SF) 8% Cap Rate
Investment Highlights
- In-place income with no lease-up risk
- Potential long-term upside through rent growth or repositioning
- Attractive entry price for retail investors
Executive Summary
This income-producing retail property is fully rented and offers stable cash flow from day one. Located in downtown Concordia, the building benefits from strong visibility and accessibility within the city’s commercial core.
With a long-term tenant already in place, this asset is ideal for investors seeking a straightforward, low-maintenance retail investment in a stable Kansas market. The property’s price point and existing income make it suitable for both local and out-of-state buyers.
Key Advantages:
In-place income with no lease-up risk
Manageable operating costs
Attractive entry price for retail investors
Potential long-term upside through rent growth or repositioning
This is a compelling opportunity to acquire a cash-flowing retail asset at an accessible price point.
With a long-term tenant already in place, this asset is ideal for investors seeking a straightforward, low-maintenance retail investment in a stable Kansas market. The property’s price point and existing income make it suitable for both local and out-of-state buyers.
Key Advantages:
In-place income with no lease-up risk
Manageable operating costs
Attractive entry price for retail investors
Potential long-term upside through rent growth or repositioning
This is a compelling opportunity to acquire a cash-flowing retail asset at an accessible price point.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$22,800
|
$2.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$22,800
|
$2.56
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,131
|
$0.35
|
| Net Operating Income |
$19,669
|
$2.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $2.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $22,800 |
| Annual Per SF | $2.56 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,131 |
| Annual Per SF | $0.35 |
| Net Operating Income | |
|---|---|
| Annual | $19,669 |
| Annual Per SF | $2.21 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,356 SF
Building Class
C
Year Built
1900
Price
$249,000
Price Per SF
$57.16
Cap Rate
8%
NOI
$19,920
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.03
Lot Size
0.05 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Manufacturing
- -
- -
- -
Sherwin-Williams began in 1866 when Henry Sherwin and Edward Williams opened a paint store in Cleveland, Ohio. The company expanded nationally through the late 19th century by establishing manufacturing facilities. Their business model includes three segments: Paint Stores Group for contractors, Consumer Brands Group for retail sales, and Performance Coatings Group serving industrial markets. The company operates in both professional and DIY markets through company-owned stores and third-party distributors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Manufacturing | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 038-33-0-40-18-008.00-0 | Improvements Assessment | $14,565 |
| Land Assessment | $670 | Total Assessment | $15,235 |
Property Taxes
Parcel Number
038-33-0-40-18-008.00-0
Land Assessment
$670
Improvements Assessment
$14,565
Total Assessment
$15,235
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Sherwin-Williams | 114 E 6th St
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