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401 E Poyntz Ave 119,942 SF 100% Leased Retail Building Manhattan, KS 66502 $21,000,000 ($175.08/SF) 6.88% Cap Rate
Investment Highlights
- Fully Leased Shopping Center | 100% National Retailers
- Tenant Longevity | 5.43 Average Years Remaining / 6.9 Average Years in Place
- Long-term NNN Structure
- 100% National Retailers | Perfect Tenant Mix For Area Demographics
- Manhattan's Highest National Retailer Concentration
- Ideal Accessibility Along Poyntz Avenue / US-24 Hwy
Executive Summary
Strategically positioned within the thriving Greater Manhattan trade area, the property benefits from strong regional draw, steady population growth, and proximity to major transportation routes providing excellent accessibility. This location serves as a retail destination for residents throughout Manhattan and the surrounding counties, supported by the area's university presence, expanding employment base, and strong retail fundamentals.
Property Facts
Major Tenants
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Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to multiple stores across the United States. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy’s product assortment focuses on key categories of outdoor, apparel, footwear and sports & recreation through both leading national brands and a portfolio of private label brands.
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What started out as one store in 1978 has since become the largest western and work wear retailer in the nation. They say that their customers feed America, build America, and protect America. With an uncompromising desire to support the local communities they serve, they proudly offer the broadest selection of cowboy boots, work boots, western wear, workwear, western-inspired fashion, and outdoor gear. It is an honor to support the varying lifestyles of the people who make their country so great.
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Old Navy is a U.S. apparel retailer founded in 1994 as a division of Gap. The brand was introduced to deliver mass-market pricing under a distinct identity from Gap and quickly scaled through large, family-oriented stores and national advertising. Old Navy operates under Gap’s corporate umbrella and is headquartered in San Francisco. The company focuses on casual apparel and accessories across women’s, men’s, kids’, baby, and plus sizes, supported by e-commerce and a broad store network in the U.S. and Canada. Notable milestones include becoming the first retailer to surpass $1 billion in sales within four years of launching, and ongoing product and inclusion initiatives introduced over the past decade. Old Navy is part of a publicly traded parent company; Gap’s common stock trades on the NYSE under ticker GAP.
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Nearby Major Retailers
Property Taxes
| Parcel Number | 314-17-0-20-01-012.00-0 | Improvements Assessment | $2,379,438 |
| Land Assessment | $265,313 | Total Assessment | $2,644,751 |
Property Taxes
Presented by
401 E Poyntz Ave
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