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CORP. SHOE SENSATION | (240+ LOCATIONS) 2210 E Kansas Ave 6,720 SF Retail Building Mcpherson, KS 67460 $815,325 ($121.33/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease Backed by Shoe Sensation, Inc (240+ Locations) Featuring a 8.76% Rental Increase at the Option.
- Established Footwear Retailer with Local Brand Recognition: Shoe Sensation is one of the Largest Family Footwear Retailers.
- Proven Retail Performance in a Stable Kansas Community: McPherson’s Growing Economy and Diversified Employment Base Support Retail Success.
- Priced Below Replacement Cost. Below Market Rent w/ Upside - Positioned for Strong Tenant Retention and Long-Term Rental Growth.
- Within a Walmart Supercenter Anchored Retail Center - Draws 1.7M Annual Visits, serving both Local Residents and Highway Travelers.
- Prime Location Along Kansas Avenue Commercial Corridor: Features Easy Access and Excellent Visibility on East Kansas Avenue (Hwy-56).
EXECUTIVE SUMMARY
Corporate Shoe Sensation (240+ Locations) | Established Footwear Retailer w/ Local Brand Recognition | Immediate Access to/from I-135 | Within a Walmart Supercenter Anchored Retail Center - 1.7M Annual Visits | Near Numerous National Retailers, Schools & Airport
Kansas Broker of Record: Colby Haugness | 9393 W. 110th St., Ste. 500 Overland Park, KS 66210 | P: (816) 410-1010 | Lic #: 00241410 | Colby.Haugness@MarcusMillichap.com
Kansas Broker of Record: Colby Haugness | 9393 W. 110th St., Ste. 500 Overland Park, KS 66210 | P: (816) 410-1010 | Lic #: 00241410 | Colby.Haugness@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,720 SF
Building Class
B
Year Built/Renovated
2011/2021
Price
$815,325
Price Per SF
$121.33
Cap Rate
8%
NOI
$65,226
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.66 AC
Zoning
Shopping Center Business
Parking
36 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
245’ on E Kansas Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Shoe Sensation
- Retailer
- 6,720 SF
- -
- Double Net
- Oct 2031
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Shoe Sensation | Retailer | 6,720 SF | - | Double Net | Oct 2031 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 6,720 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,720 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 6,720 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 137-26-0-20-06-002.00-0 | Improvements Assessment | $587,985 |
| Land Assessment | $138,793 | Total Assessment | $726,778 |
PROPERTY TAXES
Parcel Number
137-26-0-20-06-002.00-0
Land Assessment
$138,793
Improvements Assessment
$587,985
Total Assessment
$726,778
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CORP. SHOE SENSATION | (240+ LOCATIONS) | 2210 E Kansas Ave
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