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Shopping Strip

Burkes Outlet | Planet Fitness | Hibbett Sports - Shopping Center

437 E Chestnut St, Junction City, KS 66441

Listing Price: $3,495,000

Cap Rate
7.65%
Gross SF
53,296
Rentable SF
53,296
Price/Gross SF
$65.58
Lot Size
6.60 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to offer a 53,296-square foot Walmart-shadow anchored plaza located in Junction City, Kansas. The subject property is currently 97% leased to five national tenants including Planet Fitness, Hibbett Sports, Cricket Wireless, Sally Beauty Supply and Burke’s Outlet/Home Centric (open Summer 2022). The plaza was built in 1992 and sits on 6.6 acres of land. All retail tenants have triple-net (NNN) leases, reimbursing for CAM, taxes, and insurance. The property is part of a Community Improvement District (CID), but income from the CID is excluded from the offering. Nearby retailers and restaurants include: Aaron’s Furniture Store, Dollar Tree, Orscheln Farm & Home, Dollar General, Cox Bros BBQ, Starbucks, Qdoba, Arby’s, Freddy’s Frozen Custard, Taco Bell, and Cracker Barrel.

Investment Highlights

  • New Burke's Outlet Anchor (Open 2022) - 10 Year Term
  • Next to Walmart Supercenter, Dollar Tree & Starbucks
  • 53,000 Sq. Ft. Plaza- Priced Under $68 per Square Foot
  • Includes Planet Fitness, Hibbett Sports and Sally Beauty
  • Adjacent to Fort Riley Military Base (Pop. – Approx. 28,000)

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Shopping Strip

Burkes Outlet | Planet Fitness | Hibbett Sports - Shopping Center

Listing Price: $3,495,000

Cap Rate
7.65%
Gross SF
53,296
Rentable SF
53,296
Price/Gross SF
$65.58
Lot Size
6.60 acres
Year Built
1992

Investment Highlights

  • New Burke's Outlet Anchor (Open 2022) - 10 Year Term
  • Next to Walmart Supercenter, Dollar Tree & Starbucks
  • 53,000 Sq. Ft. Plaza- Priced Under $68 per Square Foot
  • Includes Planet Fitness, Hibbett Sports and Sally Beauty
  • Adjacent to Fort Riley Military Base (Pop. – Approx. 28,000)

Investment Overview

Marcus & Millichap is pleased to offer a 53,296-square foot Walmart-shadow anchored plaza located in Junction City, Kansas. The subject property is currently 97% leased to five national tenants including Planet Fitness, Hibbett Sports, Cricket Wireless, Sally Beauty Supply and Burke’s Outlet/Home Centric (open Summer 2022). The plaza was built in 1992 and sits on 6.6 acres of land. All retail tenants have triple-net (NNN) leases, reimbursing for CAM, taxes, and insurance. The property is part of a Community Improvement District (CID), but income from the CID is excluded from the offering. Nearby retailers and restaurants include: Aaron’s Furniture Store, Dollar Tree, Orscheln Farm & Home, Dollar General, Cox Bros BBQ, Starbucks, Qdoba, Arby’s, Freddy’s Frozen Custard, Taco Bell, and Cracker Barrel.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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