2715 Smt St Arkansas City, KS 67005-8813
Property Lookup
Property profile & analytics
2715 Smt St Arkansas City, KS 67005-8813
- Outlet malls
- 54,364 SF
- 9.80 lot acres
Property ID
US33-0448963
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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
- Property subtype
- Shopping centers
- 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 Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,005,000 Current use
- AUTO REPAIR, GARAGE
- $5,270,000 Change: +32% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $4,305,000 Change: +8% Conversion: Easy
- WAREHOUSE, STORAGE
- $3,720,000 Change: -7% Conversion: Difficult
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$63,255
$37,245
$286,255
$323,500
-
$148,980
$1,145,020
$1,294,000
