2010-2020 E 1st St - Storefront FOR SALE


Pratt, KS 67124
$750,000 USD
317-218-5329
2010-2020 E 1st St, Pratt, KS for Sale
$750,000 USD
Storefront - FOR SALE
1/2
null | 5.09% Cap Rate

2010-2020 E 1st St
Pratt, KS 67124


HIGHLIGHTS

  • 9,800 Square Foot Two-Tenant Retail Strip
  • 100% Occupied | Anchored by Hibbett Sports & Maurices
  • Hibbett Sports Operates a Triple Net Lease | Maurices Lease is Gross – Upside Potential for Future Investor to Convert to NNN
  • Easy Access and Excellent Visibility from Highway 400 (E 1 st St)
  • Located Directly Across from Walmart Supercenter
  • Other Nearby Traffic Drivers include Dollar Tree, McDonalds, Taco Bell, Tractor Supply, Arby’s, Casey’s, Sonic Drive-In Among Many Others

OVERVIEW

Marcus & Millichap is pleased to present the Maurices & Hibbett Sports in Pratt, Kansas. This two-tenant, nearly 10,000 square foot property was built in 2012 and sits on a 3.62-acre pad. It is located right off of E 1 st St (also Highway 400 & 54), where over 13,500 vehicles pass by each day. The retail strip is fully stabilized at 100% occupancy. Maurices occupies the 5,000 square foot endcap on the west end of the center, while Hibbett Sports occupies the additional 4,800 square feet. Pratt is a city in and the county seat of Pratt County, Kansas. Pratt is also home to Pratt Community College, museums, outdoor recreation and more. The small city is equipped with hotels, restaurants, and events that gives locals and visitors plenty of things to do.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$77 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maurices & Hibbett Sports

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

3.64 AC

LAND SF

158,660 SF

ZONING

-

APN/PARCEL ID

087-35-0-00-01-009.01-0

ASK ABOUT THIS PROPERTY

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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Nathan WhalenMarcus & MillichapMore Info
317-218-5329

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.