1300 17th Ave Hutchinson, KS 67501

This exceptional investment opportunity presents a ground lease for a Kohl's department store located at 1300 E 17th Ave, Hutchinson, KS 67502. The property boasts a substantial 55,459 square feet on a 4.46-acre lot, built in 2012. The absolute NNN lease with Kohl's, a financially strong tenant with over $18 billion in revenue, provides significant security and minimal landlord responsibilities. The lease commenced on March 28, 2012, and has a remaining term of approximately 8.2 years, extending to January 31, 2033. Eight five-year lease options are included, with rent bumps of 5% at each option period. The current asking price is $3,143,000, representing a price per square foot of $56.67 and a 7.00% cap rate, with a current NOI of $220,000. The property benefits from its location in a strong retail trade corridor experiencing over 5.5 million annual visits, proximity to the Kansas State Fairgrounds (attracting over 330,000 annual visitors), and its location just one mile from Hutchinson Regional Medical Center. This single-story building offers a covered land play with a small ground rent relative to the cost basis in land and building, making it an attractive investment opportunity with significant long-term potential.