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Kohl's 2310 E Kansas Ave

42,219 SF 100% Leased Retail Building Garden City, KS 67846 $7,182,320 CAD ($170 CAD/SF) 6.75% Cap Rate

Investment Highlights

  • Corporate Guaranty
  • 9+ Years Lease Term Remaining
  • 30,000+ Population Within 1-Mile
  • Modified NNN Lease
  • Four, 5-Year Options
  • Attractive Unit Mix (Kohl’s, Burlington, DaVita)

Executive Summary

Garden City, located in Finney County in southwestern Kansas, is a vibrant and diverse community known for its rich history and welcoming atmosphere. The town’s economy is primarily driven by agriculture, given its location in the fertile plains of Kansas. Additionally, Garden City is a significant player in the meatpacking industry, with major companies like Tyson Fresh Meats operating large plants in the area. Besides these primary industries, education and healthcare are vital sectors, with institutions such as Garden City Community College and St. Catherine Hospital offering essential services and employment.
Garden City is strategically located with accessibility to major cities. It is approximately 200 miles west of Wichita, Kansas, and around 300 miles southeast of Denver, Colorado. This location provides residents with the advantage of a small-town feel while being within reasonable distance of larger urban centers.
The population of the Garden City metro area has been steadily growing, reaching around 500,111 in the total trade area. Overall, Garden City, Kansas, is a thriving community with a strong economic base, a steadily growing population, and a commitment to embracing diversity and progress. It offers a high quality of life with a mix of urban amenities and rural charm, making it a desirable place to live and work.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $484,775 $11.48

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $484,775
Annual Per SF $11.48

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,219 SF
Building Class
C
Year Built/Renovated
2000/2023
Price
$7,182,320 CAD
Price Per SF
$170 CAD
Cap Rate
6.75%
NOI
$484,807 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
9.14 AC

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Kohl's
  • Retailer
  • 42,219 SF
  • $11.48 CAD
  • Net
  • Jan 2034
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Kohl's Retailer 42,219 SF $11.48 CAD Net Jan 2034

Nearby Major Retailers

Rent-A-Center
Old Chicago Pizza + Taproom
Walk-On's
Curves
Buffalo Wild Wings
Starbucks
IHOP
Rib Crib
Applebee's
Commerce Bank of Missouri

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
272-09-0-30-06-004.00-0
Land Assessment
$253,810 CAD
Improvements Assessment
$727,829 CAD
Total Assessment
$981,638 CAD
  • Listing ID: 32986162

  • Date on Market: 2024-08-28

  • Last Updated:

  • Address: 2310 E Kansas Ave, Garden City, KS 67846

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