Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 100% fee simple interest in Pittsburg Town Center, (the “Property”), a 24,876 square foot Retail Strip Center located in Pittsburg, KS. Built in 2005 on a 2.48-acre site, the Property features a high-end aesthetic façade with top-tier tenant anchors including Buffalo Wild Wings and Bath & Body Works. The Property is strategically located directly in front of Home Depot, as well as a new shopping center which is under construction and is already pre-leased to Marshalls, ULTA, Five Below, and Rack Room Shoes. Recent leasing activity has been extremely strong with all the new development taking place in Pittsburg, and both Bath & Body Works and IPosh Nail Salon signed new 10-year leases, and BWW recently executed a 5-year renewal which brings the Weighed Average Lease Term at the center to an exceptional 6.8 Years. Pittsburg Town Center is located right in the center of new retail development in Pittsburg, which will continue to drive additional traffic and customers to the Property. Within the immediate vicinity surrounding the Property this includes a 2024 7Brew Coffee, 2023 Marshalls, 2025 ULTA/Rack Room/5Below, and 2023 Take 5 Car wash. The Property is also directly across the street from Walmart Supercenter, McDonald’s, Starbucks, Dollar Tree, Big Lots, and many other leading national retailers. The Property is being offered at a 7.25% cap rate totaling $3,930,000.