2310-A Kansas AveGarden City, KS 67846

Property Details for 2310-A Kansas Ave

Year built

2024

Lot size

0.52 AC

Property size (Sq ft)

22,451 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a newly constructed (2024) 22,451 square foot Burlington shopping center in Garden City, Kansas. Located at 2310-A E Kansas Ave, this single-tenant property boasts a strong 10.3-year remaining lease term (commencing April 1, 2024, and expiring February 28, 2035) with a credit-rated corporate guarantor. The property features a modified NNN lease structure with four, five-year options and a $0.50/SF rent increase in year 11 and subsequent options. The asking price is $4,342,000, representing a compelling 6.75% cap rate and a price per square foot of $193.40. The property sits on a 0.515-acre lot and benefits from a 100% occupancy rate, generating a net operating income (NOI) of $293,111. The strategic location near Garden City Community College and the Garden City Plaza Shopping Center provides excellent visibility and access to a substantial trade area with a population exceeding 500,000 and average household incomes exceeding $74,000 within a one-mile radius. This investment offers a secure, long-term income stream with significant upside potential. The property is a prime example of a stable, high-performing retail asset in a growing market.

Location Insight

City

Garden City

County

Finney

State

Kansas

Latitude

37.975

Longitude

-100.896

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].