2715 Smt St Arkansas City, KS 67005-8813
- Outlet malls
- 54,364 SF
- 9.80 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 2715 Smt St
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 9.80 lot acres
- Property size
- 54,364 SF
- Property type
- Outlet malls
- APN
- 306-13-0-40-01-002.00-0
- APU
- 3061304001002000
Description
This exceptional investment opportunity presents a 54,521-square-foot Tractor Supply Company (TSCO) storefront in Arkansas City, Kansas. The property boasts a long-term, net lease with approximately 9.7 years remaining until the next renewal, commencing July 20, 2010, and expiring July 19, 2034. The lease includes a 7.5% rent increase every five years, ensuring consistent income growth. The asking price is $2,583,000, representing a compelling $47.38 per square foot and a 6.50% capitalization rate based on a Net Operating Income (NOI) of $167,913. The property sits on a 9.7-acre lot, offering significant potential for future outlot development. Its strategic location on North Summit Street (15,550 AADT) provides excellent visibility and accessibility, further enhanced by its adjacency to a high-performing Walmart Supercenter, attracting 1.6 million annual visits. The surrounding area benefits from a strong economic base, including diverse manufacturing companies and a well-educated workforce supported by local colleges. Robust demographics within a 5-mile radius, including a daytime population of 14,919 and an average household income of $70,720, underscore the property's strong market position. This location was previously a top-performing Olscheln Farm & Home store before Tractor Supply's acquisition, demonstrating its historical success. The tenant's early lease renewal signifies a long-term commitment to this prime location. This offering presents a rare opportunity to acquire a high-performing, net-leased retail property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arkansas City
- County
- Cowley
- State
- Kansas
- Longitude
- -97.042
- Latitude
- 37.0916
- CBSA code
- 49060
- CBSA name
- WINFIELD, KS MICROPOLITAN STATISTICAL AREA
