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22225975
22225974

2020 E 1st St, Pratt, KS 67124

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis
$750,000
453 days on market
Updated 75 days ago

Maurices & Hibbett Sports

Details
Property Type Retail
Sub Type Storefront
Square Footage 9,800
Cap Rate 4.78%
NOI $35,877
Occupancy 100%
Tenancy Multi
Brand/Tenant Maurices & Hibbett Sports
Rent Bumps Yes
Year Built 2012
Buildings 1
Acreage 3.640

Maurices & Hibbett Sports | 100% Occupied | Two-Tenant Retail Strip

Marketing description

Marcus & Millichap is pleased to present the Maurices & Hibbett Sports in Pratt, Kansas. This two-tenant, nearly 10,000 square foot property was built in 2012 and sits on a 3.62-acre pad. It is located right off of E 1 st St (also Highway 400 & 54), where over 13,500 vehicles pass by each day. The retail strip is fully stabilized at 100% occupancy. Maurices occupies the 5,000 square foot endcap on the west end of the center, while Hibbett Sports occupies the additional 4,800 square feet. Pratt is a city in and the county seat of Pratt County, Kansas. Pratt is also home to Pratt Community College, museums, outdoor recreation and more. The small city is equipped with hotels, restaurants, and events that gives locals and visitors plenty of things to do.

Investment highlights

o 9,800 Square Foot Two-Tenant Retail Strip

o 100% Occupied | Anchored by Hibbett Sports & Maurices

o Hibbett Sports Operates a Triple Net Lease | Maurices Lease is Gross – Upside Potential for Future Investor to Convert to NNN

o Easy Access and Excellent Visibility from Highway 400 (E 1 st St)

o Located Directly Across from Walmart Supercenter

o Other Nearby Traffic Drivers include Dollar Tree, McDonalds, Taco Bell, Tractor Supply, Arby’s, Casey’s, Sonic Drive-In Among Many Others

o Down the Road From Pratt Community College and the Pratt Regional Medical Center

Listing Contacts

NW
IN IN AB21402364
Marcus & Millichap - Indianapolis
Listed by Marcus & Millichap - Indianapolis

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,877.00
$2,989.75/mo

Valuation Metrics

0
DSCR
4.78%
Cap Rate
4.78%
ROI

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Additional Information

Name
Colby Haugness
License
KS 241410
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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