Listed by Lange Real Estate
$395,000
1004 W 8th St
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 7,978
Cap Rate 7.82%
NOI $30,890
Occupancy 83%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Pro-Forma Cap Rate 10.4%
Pro-Forma NOI $41,090
Price per SqFt $50
Year Built 1984
Buildings 1
Acreage 0.720
Zoning General Commercial C-2
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition For sale by owner
Retail | 7.82% CAP | 7,978 SqFt
Marketing description
Located in West Wellington, Kansas, this 7,978 SF multi-tenant retail center presents an opportunity to acquire an income-producing asset with future upside potential. Built in 1984 and situated on approximately 0.72 acres, the property is currently 83% occupied with established tenants providing immediate in-place cash flow. Financials are available upon request.
The property benefits from steady local traffic and proximity to a strong mix of national and local retailers including Dillons, Casey's, Tractor Supply Co., Braum's, and Wellington Golf Club. Its location within a well-established commercial area helps support continued tenant activity and long-term occupancy.
Investment highlights
- 83% occupied with immediate income stream
- Established tenant base with leasing upside
- Financials available upon request
- Accessible location with visibility and on-site parking
Listing Contacts
Listed by Lange Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$30,889.74
$2,574.15/mo
Valuation Metrics
0
DSCR
7.82%
Cap Rate
7.82%
ROI
Map
Zoning
R-1 ResidentialSingle FamilySingle Family Residential
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View all 20 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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