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Plaza West Shopping Center
Wichita, KS Orchard Breeze

$6,645,000 USD

General Retail For Sale  •  121,382 SF

2 Properties View all

Property Details

• Property Type General Retail

30 Transit Score

50 Walk Score

Highlights

Priced well below replacement cost ($54.74 PSF), Plaza West is offered at an attractive 8.18% CAP Rate with room to grow the NOI.

The 121,382 SF shopping center is 82% occupied, offering immediate cash flow with upside through lease-up of remaining spaces at market rents.

The current vacancy in the submarket is 1.4%, well below market averages, which is a strong indicator that rents will be rising.

Plaza West rents are currently averaging $6.67 PSF, and the market rate is $11.55/SF (per CoStar), offering investors significant upside.

Located at the lighted signalized intersection of N West Street and W Central Avenue with over 41,458 combined vehicles per day.

Dillons Grocery, Walgreens, Wendy’s, Subway, and AutoZone, supporting consistent consumer traffic on the retail corridor.

Public Transportation

Airport	Drive	Walk	Distance
Wichita Dwight D Eisenhower Ntl	10 min	-	5.0 mi