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213 W 43rd St
Hays, KS 67601
Hays Retail Strip · Retail Property For Sale
Investment Highlights
- Walmart-shadowed strip center in an established retail trade area with major upside
- Value-add opportunity with only 35% current occupancy
- Strong retail corridor just off Interstate 70 in Hays, KS
- 2022 construction with modern retail facade and no near-term capital improvements needed
- Potential to achieve a 10%+ pro forma cap rate through successful stabilization
Executive Summary
Broker Of Record
Kyle Matthews
Matthews Real Estate Investment Services, Inc
239429, #CO00002672 (KS)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Kyle Matthews
Matthews Real Estate Investment Services, Inc
239429, #CO00002672 (KS)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
10,841 SF
Building Class
B
Year Built
2022
Price
$1,650,000
Price Per SF
$152.20
Cap Rate
10.19%
NOI
$168,215
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.15 AC
Zoning
C
Property Taxes
| Parcel Number | 135-21-0-00-01-016.17 | Improvements Assessment | $173,395 |
| Land Assessment | $67,278 | Total Assessment | $240,673 |
Property Taxes
Parcel Number
135-21-0-00-01-016.17
Land Assessment
$67,278
Improvements Assessment
$173,395
Total Assessment
$240,673
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