2715 Summit St Arkansas City, KS 67005

This exceptional investment opportunity presents a 54,521-square-foot Tractor Supply Company (TSCO) storefront in Arkansas City, Kansas. The property boasts a long-term, net lease with approximately 9.7 years remaining until the next renewal, commencing July 20, 2010, and expiring July 19, 2034. The lease includes a 7.5% rent increase every five years, ensuring consistent income growth. The asking price is $2,583,000, representing a compelling $47.38 per square foot and a 6.50% capitalization rate based on a Net Operating Income (NOI) of $167,913. The property sits on a 9.7-acre lot, offering significant potential for future outlot development. Its strategic location on North Summit Street (15,550 AADT) provides excellent visibility and accessibility, further enhanced by its adjacency to a high-performing Walmart Supercenter, attracting 1.6 million annual visits. The surrounding area benefits from a strong economic base, including diverse manufacturing companies and a well-educated workforce supported by local colleges. Robust demographics within a 5-mile radius, including a daytime population of 14,919 and an average household income of $70,720, underscore the property's strong market position. This location was previously a top-performing Olscheln Farm & Home store before Tractor Supply's acquisition, demonstrating its historical success. The tenant's early lease renewal signifies a long-term commitment to this prime location. This offering presents a rare opportunity to acquire a high-performing, net-leased retail property with significant upside potential.