El Dorado Centre

Price: $1,878,900
Sq. Ft.: 13,805
Cap Rate: 7.03%
Built: 2005

Marcus & Millichap is pleased to offer the opportunity to acquire a 13,805-square foot, Walmart shadow-anchored, multi-tenant retail center in El Dorado, Kansas. El Dorado Centre is anchored by Cato and has a complementary mix of internet-resistant tenants. Other tenants include AT&T, Great Clips, Jimmy John’s, and Big E Vapor. The center is 85 percent occupied, and all current leases are triple-net leases. Constructed in 2005, the center is situated on a 1.5-acre lot.  Recent property improvements include a new roof in 2017 with a 20-year warranty, new exterior painting, and new pylon signage.

El Dorado Centre is located on West Central Avenue near the signalized intersection with South Village Road.  Traffic counts exceed 16,800 vehicles per day in front of the property. The center is shadow-anchored by Walmart Supercenter and directly across from Sutherlands. Other national retailers in the area include Dollar Tree, Hibbett Sports, AutoZone, Orscheln Farm & Home, Goodwill, Citizens Bank, Verizon Wireless, Pizza Hut, Days Inn, Holiday Inn, Community Bank, Burger King, and more.

  • 13,805-Square Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by Walmart Supercenter
  • 85% Occupied | All Leases are Triple-Net
  • 71% of the Gross Leasable Area has National Tenants
  • Cato is a Publicly-Traded Company
  • AT&T has a Strong Franchisee Guaranty from AT&T’s Largest Authorized Retailer in the United States with More Than 2,000 Locations
  • Building has an Attractive Facade and is Situated on a 1.5-Acre Lot with Ample Parking
  • Recent Property Improvements Include a New Roof in 2017, Exterior Paint and New Pylon Sign installed in 2018
  • Near the Signalized Intersection of West Central Avenue and South Village Road
  • Traffic Counts are Approximately 16,800 Vehicles per Day in Front of the Property
  • Nearby Traffic Drivers Include Walmart, Sutherlands, Dollar Tree, Advance America, Days Inn, Holiday Inn, AutoZone, Orscheln Farm & Home, Goodwill and More
  • Less than Two Miles from Butler County Community College | Estimated Enrollment of 8,300 Students
  • Located 32 Miles Northwest of Wichita | Wichita is the Largest City in Kansas
  • El Dorado is the County Seat of Butler County