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213 W 43rd St, Hays, KS, 67601

Hays Retail Strip

$1,650,000

Key Information

Tot. SF
10,841
Year Built
2022
Type
Shopping Centers
NOI
$168,215

Highlights

• Walmart-shadowed strip center located at 213 W 43rd St, Hays, KS 67601, offering investors exposure to a retail asset positioned adjacent to a major national anchor and within an established retail trade area and major upside.
• Constructed in 2022, the property offers a modern retail facade and a desirable location for service-oriented tenants. Along with no near term capital improvements needed.
• The asset presents a compelling value-add opportunity with only 35% current occupancy, allowing an investor to strengthen cash flow by leasing up the vacancies.
• Potential to achieve a 10%+ pro forma cap rate through successful stabilization and execution of the leasing strategy.
• The asset is positioned in a strong retail corridor just off Interstate 70, providing convenient access and connectivity along one of the primary east-west transportation routes through Kansas.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 239429, #CO00002672 (KS)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203