401 E 4th Ave - Freestanding FOR SALE


Hutchinson, KS 67501
$1,745,000 USD
602-687-6766
401 E 4th Ave, Hutchinson, KS for Sale
$1,745,000 USD
Freestanding - FOR SALE
1/6
null | 19.33% Cap Rate

401 E 4th Ave
Hutchinson, KS 67501


HIGHLIGHTS

  • Leased to Dollar Tree and Planet Fitness, Two National Tenants
  • NNN Leases with Rental Increases Every 5 Years and Multiple Renewal Options
  • 46,179 Residents within a 5-Mile Radius
  • Located Adjacent to Downtown Hutchinson
  • One Mile South of Hutchinson High School and Hutchinson Community College
  • Multiple Points of Access via North Plum Street, East 3rd Avenue, North Elm Street, and East 4th Avenue

OVERVIEW

Marcus & Millichap is pleased to present for sale Planet Fitness, Dollar Tree, and Dillon's Ground Lease in Hutchinson, Kansas. Ranked 137 on the Fortune 500 list, Dollar Tree, Inc. is comprised of two iconic brands – Dollar Tree and Family Dollar. The Company operates over 16,000 stores in 48 U.S. states and five Canadian provinces, supported by more than 200,000 associates. Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. The Company operates 2,500 locations in all 50 states, Canada, and Latin America.

FOR SALE DETAILS

PRICE

$1,745,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

19.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Planet Fitness / Dollar Tree / Dillon's GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Service Station, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.98 AC

LAND SF

173,369 SF

ZONING

C4

APN/PARCEL ID

126-13-0-10-02-001.00

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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