Starbucks Strip

Price: $2,855,000
Sq. Ft.: 9,200
Cap Rate: 6.5%
Built: 2004
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Marcus & Millichap is pleased to offer the opportunity to acquire a 9,200-square foot, multi-tenant retail center located Hutchinson, Texas. Starbucks Strip is currently 100 percent occupied, comprised of national and regional credit tenants. The center is a complementary mix of internet-resistant tenants, consisting of Starbucks, Mobile Comm, Armed Forces Career Center, GNC, and Cox Communications. All leases are triple-net, and both Starbucks and GNC are publicly traded companies. Constructed in 2004, the building is situated on a 1.21-acre lot. The subject property sits on the north side of East 17th Avenue just west of Ken Kennedy Freeway, one of the city’s major thoroughfares. The center is near Hutchinson Mall, anchored by Dunham’s Sports, Hobby Lobby, T-J-Maxx, Dollar Tree, B&B Theaters, and Harbor Freight Tools.  Numerous other national and regional tenants are in the surrounding area, including Kohl’s, Lowe’s, Petco, Aldi, Walmart,  AutoZone, GameStop, Goodwill, Tractor Supply Co., Chick-fil-A, Chili’s, The Home Depot, and many more. The property is less than one mile from Hutchinson Regional Medical Center, which provides an array of medical services for residents of  Reno County and the surrounding Central Kansas Region. Starbucks Strip is also approximately two miles from Hutchinson Community College, which averages an enrollment of 5,500 students.

  • 9,200-Square Foot, Multi-Tenant Retail Center
  • 100% Occupied | All Tenants are Triple-Net
  • Complementary Mix of Internet-Resistant Tenants
  • Starbucks (NASDAQ: SBUX) and GNC (NYSE: GNC) are Publicly Traded
  • Strong Tenant Base Consisting of National, Regional, and Government Credit Tenants
  • Located in the Main Retail Corridor of the City at the Intersection of East 17th Avenue and Ken Kennedy Freeway | Close Proximity to Hutchinson Mall, Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Kohl’s, Aldi, and Others
  • Less than One Mile from Hutchinson Regional Medical | Serves Residents of Reno County and the Surrounding Central Kansas Region
  • Two Miles from Hutchinson Community College | Estimated Enrollment of 5,500 Students
  • The City of Hutchinson is the Largest City and County Seat in Reno County
  •  Approximately 55 Miles Northwest of Witchia, Kansas