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Shopping Strip

Planet Fitness / Dollar Tree / Dillion's Ground Lease

401 E 4th Ave, Hutchinson, KS 67501

Listing Price: $3,745,000

Cap Rate
7.50%
Gross SF
50,420
Rentable SF
50,420
Price/Gross SF
$74.28
Lot Size
3.98 acres
Year Built
1968

Investment Overview

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888. Major highways, including the Kansas Turnpike, US 400 and Interstate I-135, link the city with a large trade area that encompasses a population of more than a million people within a 100-mile radius. The nearest large cities are Denver to the west, Kansas City to the northeast, Oklahoma City to the south, and Tulsa to the southeast.

Investment Highlights

  • Leased to Dollar Tree and Planet Fitness, Two National Tenants
  • Triple-Net Leases with Rental Increases Every Five Years and Multiple Renewal Options
  • 46,179 Residents within a Five-Mile Radius
  • Located Adjacent to Downtown Hutchinson
  • One Mile South of Hutchinson High School and Hutchinson Community College

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Shopping Strip

Planet Fitness / Dollar Tree / Dillion's Ground Lease

Listing Price: $3,745,000

Cap Rate
7.50%
Gross SF
50,420
Rentable SF
50,420
Price/Gross SF
$74.28
Lot Size
3.98 acres
Year Built
1968

Investment Highlights

  • Leased to Dollar Tree and Planet Fitness, Two National Tenants
  • Triple-Net Leases with Rental Increases Every Five Years and Multiple Renewal Options
  • 46,179 Residents within a Five-Mile Radius
  • Located Adjacent to Downtown Hutchinson
  • One Mile South of Hutchinson High School and Hutchinson Community College

Investment Overview

Wichita is the largest city in the State of Kansas and the 49th-largest city in the United States. Located in south-central Kansas on the Arkansas River, Wichita is the county seat of Sedgwick County and the principal city of the Wichita metropolitan area. In 2018, the estimated population of the Wichita metropolitan area was 644,888. Major highways, including the Kansas Turnpike, US 400 and Interstate I-135, link the city with a large trade area that encompasses a population of more than a million people within a 100-mile radius. The nearest large cities are Denver to the west, Kansas City to the northeast, Oklahoma City to the south, and Tulsa to the southeast.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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