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31390401
31390402

401 E Poyntz Ave, Manhattan, KS 66502

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group
$21,000,000
67 days on market
Updated 67 days ago

Plaza De Maria

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 119,087
Net Rentable (SqFt) 119,087
Units 5
Cap Rate 6.88%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Remaining Term 5
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $1,445,600
Year Built 1974
Year Renovated 2018-2023
Buildings 1
Stories 1
Acreage 9.350
Investment Type Stabilized
Occupancy Date 03/30/2026
Ownership Fee Simple

Retail | 6.88% CAP | 119,087 SqFt

Marketing description

Crossroads Real Estate Group is pleased to present the exclusive listing of Plaza De Maria, a premier retail investment opportunity in Manhattan, Kansas. The property is a meticulously maintained 119,087-square-foot shopping center anchored by Academy Sports + Outdoors and fully leased to a lineup of five nationally recognized retailers, including Boot Barn, Ross Dress for Less, Five Below, and Old Navy. The center offers investors secure, stable cash flow with a diverse mix of creditworthy tenants and minimal near-term rollover exposure.

Strategically positioned within the thriving Greater Manhattan trade area, the property benefits from strong regional draw, steady population growth, and proximity to major transportation routes providing excellent accessibility. This location serves as a retail destination for residents throughout Manhattan and the surrounding counties, supported by the area's university presence, expanding employment base, and strong retail fundamentals.

Investment highlights

Fully Leased Shopping Center | 100% National Retailers

Diversified Tenant Base | Perfect Mix For Area Demographics

Tenant Longevity | 5.43 Average Years Remaining / 6.9 Average Years in Place

Manhattan's Highest National Retailer Concentration

Long-term NNN Structure

Ideal Accessibility Along Poyntz Avenue / US-24 Hwy

Listing Contacts

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group

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