4901 N Kickapoo Ave
Retail | 7.20% CAP | 13,821 SqFt
Marketing description
Cavender’s has executed a 10-year lease for 13,821 SF of space at Shawnee Mall, securing a prime retail position within the market’s most active commercial corridor.
Located at 4901 N Kickapoo Ave, the site offers exceptional visibility and direct exposure from I 40, ensuring consistent regional traffic and strong brand presence. The space benefits from its strategic placement at the intersection of major highways, drawing shoppers from Shawnee and the surrounding trade area.
Cavender’s has evolved into one of the nation’s premier Western wear retailers, consistently demonstrating strong financial performance and steady growth over the past six decades. The company operates a large multistate footprint underscoring its operational strength and long-term viability that is well positioned to perform throughout economic cycles. As a tenant, Cavender’s offers investors a reliable and established brand with a long track record of sustained success.
Investment highlights
- This offering represents a 10-year lease, offering investors a stable and predictable income stream with minimal landlord responsibilities. The lease generates an annual NOI of $180,219, reflecting a 6.85% cap rate with an implied valuation of $2,630,934. The 13,821 SF building produces $13.04/SF annually, and the lease includes fixed 10% rent increases every five years, strengthening long term income growth and enhancing the asset’s value trajectory.
- Strong national co-tenancy further elevates the investment profile, Ross and Kohl’s are positioned adjacent to Cavender's and Walmart is located nearby, anchoring the broader trade area and generating consistent retail traffic. The property’s generous parking, functional design, and prominent frontage complement these retail drivers, positioning Cavender’s for long term success.
- Tenant Cavender’s Boot City
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