Listed by Skyline Seven Real Estate
$2,685,000
SHOE CARNIVAL & BUFFALO WILD WINGS
Details
Property Type Retail
Sub Type QSR/Fast Food, Shopping Center
Square Footage 14,859
Units 2
Cap Rate 8.5%
NOI $228,120
Tenancy Multi
Brand/Tenant Buffalo Wild Wings, Shoe Carnival
Lease Type Modified
Price per SqFt $181
Year Built 2014
Acreage 10.700
Parking Spaces 120 spaces
Parking per 1,000 SqFt 8.08
Investment Type Stabilized
Ground Lease No
100% Leased | Shadow-Anchored by Kohl's since 20008 | 14,859 SF
Marketing description
This 14,800± SF retail property is fully leased to Buffalo Wild Wings and Shoe Carnival and is strategically located along South 9th Street, Salina's premier retail corridor. The asset is shadow anchored by a corporately owned Kohl's with Sephora and benefits from exceptional visibility, strong regional accessibility, and proximity to Interstate 135.
Surrounded by the area's leading national retailers and shopping destinations, the property serves as a highly trafficked retail destination within Salina's dominant commercial node. Long-term leases, nationally recognized tenants, and exclusive-use protections provide investors with stable cash flow and durable tenancy.
Investment highlights
- 100% leased retail asset occupied by Buffalo Wild Wings and Shoe Carnival, two nationally recognized brands.
- Shadow-anchored by Kohl's, with Kohl's operating at this location since 2008 and occupying the adjacent corporately owned parcel.
- Strategically positioned along South 9th Street, Salina's primary retail corridor and the largest concentration of retail in the trade area
- Excellent accessibility with proximity to Interstate 135, providing strong regional connectivity and visibility to interstate travelers.
- Long operating history as both Buffalo Wild Wings and Shoe Carnival are original tenants since 2014. Both tenants have exercised their 1st option.
- Three college campuses in Salina- Kansas Wesleyan University, Kansas State University Salina Aviation, & Salina Area Technical College
- Magnolia Village (located right across 135)- a 252-unit luxury apartment complex designed to provide high-end, modern living with quick access to colleges and the main retail corridor
Listing Contacts
Listed by Skyline Seven Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$228,120.00
$19,010.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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