Leased Retail Shopping
401 E Poyntz Ave Manhattan, KS 66502
401 E Poyntz Ave, Manhattan, KS, 66502
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For Sale
Contact for pricing
Fully leased shopping center anchored by Academy Sports + Outdoors, with five additional national retailers in place.
Property Size119,087 SF
Price / SF$176.34
Days on Market115
Property Features for 401 E Poyntz Ave
General Information
- Standard status
- Active
- Size
- 119,087 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
Crossroads Real Estate Group
(816) 298-9998
Listed by
Holly Mills · License #MO 2004031968
Source
Crexi
Added: Mar 30 Updated: Jul 21 at 9:32PM Checked: Jul 21 at 9:32PM
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 Crossroads Real Estate Group
Investment Insights
Based on property information with market context.
Plaza De Maria is a meticulously maintained shopping center offering 119,087 square feet of retail space anchored by Academy Sports + Outdoors. The property is fully leased to a lineup of five nationally recognized retailers, including Boot Barn, Ross Dress for Less, Five Below, and Old Navy.
The center is located at 401 E Poyntz Ave in Manhattan, Kansas, serving the Greater Manhattan trade area. It is described as being positioned near major transportation routes, supporting accessibility for residents in Manhattan and surrounding counties.
With its anchor tenant and an in-place tenant mix, Plaza De Maria presents a straightforward, occupied retail investment profile with the majority of space serving national retail brands.
The center is located at 401 E Poyntz Ave in Manhattan, Kansas, serving the Greater Manhattan trade area. It is described as being positioned near major transportation routes, supporting accessibility for residents in Manhattan and surrounding counties.
With its anchor tenant and an in-place tenant mix, Plaza De Maria presents a straightforward, occupied retail investment profile with the majority of space serving national retail brands.
Key Highlights
- 119,087‑SF shopping center in Manhattan, Kansas, built in 1974
- Anchored by Academy Sports + Outdoors
- Fully leased with a lineup of five additional national retailers
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.77M | $14.88 |
| − Vacancy | −$72.7k | −$0.61 |
| EGI | $1.70M | $14.27 |
| − OpEx | −$509.8k | −$4.28 |
| NOI | $1.19M | $9.99 |
119,087 SF · lease $14.88/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$16.99M
$14.87M – $19.83M
NOI $1,189,553 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$27.25M
$23.85M – $31.79M
NOI $1,907,671 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Academy Sports + Outdoors
(Bike/Boat/Book/etc) Store
Eugene Capocasale
Pharmacy
Sugar by Marianne
Hair Salon
The Vault Barbershop
Barber Shop
Gaia Salon
Hair Salon
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FAQs
What type of property is this?
Shopping center - Fully leased shopping center anchored by Academy Sports + Outdoors, with five additional national retailers in place.
Where is this shopping center located?
The property is located at 401 E Poyntz Ave Manhattan, KS.
What is the asking price?
The asking price for this property is $21,000,000.
What are key features of this property?
This property features: 119,087‑SF shopping center in Manhattan, Kansas, built in 1974; Anchored by Academy Sports + Outdoors; Fully leased with a lineup of five additional national retailers
