Available

Regency Lakes Shopping Center

Wichita, KS 67226

Price

$4,036,000

Cap Rate: 6.50%

Lead Broker

Shawn Dickmann

720.828.8310 Shawn@BlueWestCapital.com

Carly Gallagher Kelly

720.828.6290 Carly@BlueWestCapital.com

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Regency Lakes Shopping Center - #1 Retail Corridor in Wichita, KS

Blue West Capital is pleased to exclusively offer for sale Regency Lakes Shopping Center, a multi tenant net lease retail center in Wichita, KS. Regency Lakes is a 100% occupied center on NNN leases, shadow anchored by Target, Cabela’s, and Hobby Lobby. Regency Lakes as a whole, is the #1 retail corridor in Wichita and attracts more than 4,900,000 customer visits per year, per Placer.ai. The property is situated in an affluent and dense area with an average annual household income of $125,000 within three miles and over 122,000 people.

The Greater Wichita Metropolitan Area has a population of over 529,000, making it the largest city in Kansas. Major employers including Boeing, Spirit AeroSystems, Cargill, Koch Industries, and various healthcare institutions. Home to Wichita State University (WSU), a public research university with more than 16,000 enrolled students.

Investment Highlights

  • 100% occupied by e-commerce resistant tenants
  • All tenants are on triple net (NNN) leases and reimburse management fees, which allow for passive ownership
  • #1 retail corridor in Wichita, with approximately 4,900,000 customer visits per year
  • Located within the Wichita MSA, a densely populated metro
  • Below market rents
  • Affluent surrounding area with an average household income of $154,000
  • ~123,000 residents within five miles
  • Close proximity and access to HWY 96
  • Strategically located within a regional destination that includes big box and national retailers such as Super Target, Hobby Lobby, Cabela’s, McDonald’s, Slim Chickens, Chili’s, Firehouse Subs, Mattress Firm, Academy Sports, Texas Roadhouse, Firestone, Chick-fil-A, Starbucks, McAlister’s Deli, Dunkin, Dollar Tree, REI, Ross, DSW, Michaels, Marshalls, Verizon, Topgolf, Smoothing King, Scholtzsky's, and several national hotels chains
  • Strong Placer.ai ranking across the state and country (please see page 5)

BROKER OF RECORD

Brian Brockman

2431 N Greenwich Rd, Wichita, KS, 67226

Location Highlights

  • Affluent surrounding area with an average annual household income of $125,000 within three miles
  • Over 122,000 people living within three miles of the property
  • Easy access to Highway 96
  • #1 retail corridor in Wichita, with more than 4,900,000 customers visiting Regency Lakes Shopping Center per year
  • The Greater Wichita Metropolitan Area had a population of over 529,00, making it the largest city in Kansas
  • Wichita has a diverse economy with strengths in aviation, manufacturing, healthcare, and agriculture
  • Major employers include Boeing, Spirit AeroSystems, Cargill, Koch Industries, and various healthcare institutions
  • Wichita has seen ongoing development in various sectors, including infrastructure, retail, and residential
  • Wichita State University (WSU), located in Wichita, Kansas, is a public research university with a diverse range of academic programs with more than 16,000 enrolled students

We are ready to assist you.

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031