Leased Retail Shopping
For Sale
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401 E Poyntz Ave, Manhattan, KS 66502
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 Market205
Property Features for 401 E Poyntz Ave
General Information
Standard status
Active
Size
119,087 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1974
Year Renovated
2018
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Crossroads Real Estate Group
Listed By:
Holly Mills · License #MO 2004031968
(816) 298-9998
Source:
Crexi
Added: Mar 30
Changed: Oct 13
Last Checked: Oct 19 at 3:20AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,189,553
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,791,060
$23.8M
Cap Rate 7%
$16,993,614
$17.0M
Cap Rate 9%
$13,217,256
$13.2M
Market Conditions
NOI Build-Up for 119,087 SF
Gross rent
$1.77M $14.88/SF
− Vacancy
−$72.7K −$0.61/SF
EGI
$1.70M $14.27/SF
− OpEx
−$509.8K −$4.28/SF
NOI
$1.19M $9.99/SF
Area
Riley County, KS
Vacancy
4.10%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,791,060
Cap Rate 7%
$16,993,614
Cap Rate 9%
$13,217,256
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66502, KS
44,384
Population
20,700
Households
2.1
Avg Household Size
28
Median Age
46%
College-Educated
95%
High-School Grad
221.7 sq mi
ZIP Area
200
Density / Sq Mi
$52,363
Median Household Income
$22,091
Median Earnings
$953
Median Rent
$217,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Home Center Plaza — Fort Riley Blvd, Manhattan, KS 66502
- Mid Town Plaza — 116 S 4th St, Manhattan, KS 66502
- Marine Corps Recruiting Office — 100 Discovery Center Trail, Manhattan, KS 66502, United States
- Manhattan Town Center — 100 Manhattan Town Center, Manhattan, KS 66502
- Dillards — manhattan, ks 66502
Frequently Asked Questions
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
