- For Sale $2,500,000
- Property Type Retail
- Property Size 13,821 SF
- Date Updated Jun 26, 2026
Description
This offering represents a 10-year lease, offering investors a stable and predictable income stream with minimal landlord responsibilities. The lease generates an annual NOI of $180,219, reflecting a 7.20% cap rate with an implied valuation of $2,500,000. The 13,821 SF building produces $13.04/SF annually, and the lease includes fixed 10% rent increases every five years, strengthening long term income growth and enhancing the asset’s value trajectory.
Strong national co-tenancy further elevates the investment profile, Ross and Kohl’s are positioned adjacent to Cavender's and Walmart is located nearby, anchoring the broader trade area and generating consistent retail traffic. The property’s generous parking, functional design, and prominent frontage complement these retail drivers, positioning Cavender’s for long term success.
2025 TRAFFIC COUNTS
STREET NAMES VPD
I-40 & N Harrison Ave 25,872
Shawnee Mall Drive & N Kickapoo St 9,567
W Interstate Pkwy & N Kickapoo St 17,558
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Contacts
CBRE
CBRE
