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Renovated Neighborhood Shopping Center
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2629 Market Pl, Salina, KS 67401

Fully leased retail center with national tenants and 2022 property upgrades at a signalized intersection.

Property Size6,400 SF
Lot Size0.50 Acres
Days on Market143

Property Features for 2629 Market Pl

General Information

Standard status Active
Size 6,400 SF
Lot size 0.50 Acres
Property subtype Retail
Occupancy 100%
Net Operating Income $126,208

Financials

Asking Price $1,740,000
Cap Rate 7.25%

Site & Location

Anchor Co-Tenants AT&T, GNC
Traffic Count 22,000 vehicles/day

Building Details

Year Renovated 2022
Tenancy Multi
Listing Agency: Marcus & Millichap - Denver
Listed By: Cory Gross
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:29PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver

Investment Insights

Based on property information with market context.

This neighborhood shopping center at 2629 Market Pl in Salina, Kansas, contains 6,400 square feet of gross leasable area and is fully occupied. The property includes three nationally recognized tenants, with AT&T and GNC having executed new 5-year leases. Occupancy is 100%, and the property reports a 7.25% cap rate.

The 0.50-acre site is positioned at a 4-way signalized intersection with exposure to more than 22,000 vehicles per day. Surrounding retail includes Target, Sam's Club, Walmart Supercenter, and Kohl's. Renovations completed in 2022 added a TPO roof, monument sign, landscaping, trash enclosure, and HVAC systems.

Key Highlights

  • 6,400 square feet of gross leasable area with 100% occupancy
  • Three nationally recognized tenants, including AT&T and GNC
  • New 5‑year leases signed by AT&T and GNC

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Spa & Massage Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

345
Businesses Nearby
555k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Superstores 33% Dining 28% Shops & Services 25% Apparel 8%
Walmart Superstores
105,455 visits/mo 0.5 miles
Sam's Club Superstores
77,307 visits/mo 0.4 miles
Marshalls Apparel
41,171 visits/mo 0.5 miles
Hobby Lobby Shops & Services
35,837 visits/mo 0.5 miles
Casey's Shops & Services
34,113 visits/mo 0.5 miles

Demographics for 67401, KS

50,338
Population
22,434
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
93%
High-School Grad
252.0 sq mi
ZIP Area
200
Density / Sq Mi
$62,603
Median Household Income
$36,995
Median Earnings
$913
Median Rent
$172,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - Fully leased retail center with national tenants and 2022 property upgrades at a signalized intersection.
Where is this shopping center located?
The property is located at 2629 Market Pl Salina, KS.
What are key features of this property?
This property features: 6,400 square feet of gross leasable area with 100% occupancy; Three nationally recognized tenants, including AT&T and GNC; New 5‑year leases signed by AT&T and GNC
More about this property
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