1716 N Waldron Street, Hutchinson, Kansas



Price : $1,203,377
Cap Rate : 7.04%
NOI : $84,728
Price Per SF : $414.81
Building Size : 2,901 Sq Ft
Lot Size (AC) : 0.42
Year Built : 2015
Lease Type : NN+
Lease Expiration : June 30, 2025
Renewal Options : 1, 5-Year
Rental Increases : 10% at option
Occupancy : 100%
Status : Available
Property Type : Retail
Sold : No

Investment Highlights

Built in 2015 - Only AT&T Store Within a 60 Minute Drive
Free Standing Single Tenant Building with 24 Parking Spaces
Landlord has the Right to Kick out Tenant with 120 Days Notice
Largest AT&T Franchise, Prime Comms Retail, Over 2,000 Locations
Base rent $81,228 - *Additional $1,000 in Annual Billboard Income
Across from Hutchinson Mall, Walmart, Target, Lowe's, Home Depot
Avg HH Income $58,822/5 Miles. Pop of 38,014+ 3-Mile /54,542+ 5-Mile
CAM/Taxes/Insurance Fully Reimbursed - *Additional $2,500 Yearly Surplus
Excellent Visibility at the Intersection of Ken Kennedy Fwy and E 17th Ave. Exposure to 28,509+ Vehicles Per Day


The operator, Prime Comms Retail, is the largest AT&T franchise in the country, operating over 2,000 AT&T locations. This building is located adjacent to the Hutchinson Regional Medical Center which employs over 2,200 locals and is positioned in the heart of the major shopping district in Hutchinson. The building was a Build to suit for AT&T in 2015 and there are 24 parking spaces in the shopping center reserved for AT&T customers.

The store remained fully operational during COVID. Even the Buffalo Wild Wings and the Rib Crib next door stayed open during this time. Low, renegotiated real estate tax and fully reimbursed CAM and insurance expenses cause an additional $2,500 of additional income for the owner. The annual tenant reconciliation process has been removed from the lease.  An additional income of $1,000 is generated per year for signage bringing the total Net Income to $84,728. The landlord also has the ability to kick out the tenant with 120 days notice.


This location dominates the local market with it being the only AT&T store within an hour drive. Located across from the Hutchinson Mall, Walmart Supercenter, Target, Lowe’s, Home Depot, Kohl’s and adjacent to the Hutchinson Regional Medical Center, consisting of 83 acres, nearly 2,000 employees and serves over 65,000 central Kansas residents.

Located within a mile of Hutchinson Muni Airport-Hut airport (KHUT) and the Kansas State Fairgrounds. There is excellent visibility from K-61 & 17th Street.  There are 13,455 VPD on 17th Street 8,540 VPD on K-61. The Average HH Income within 3 miles is $58,822. The population is 38,014 within a 3 mile radius and the population within a 5 mile radius is 54,542.

Hutchinson is the largest city and county seat in Reno County, Kansas, and located on the Arkansas River. It has been home to salt mines since 1887, thus its nickname of “Salt City”, but locals call it “Hutch”. Each year, Hutchinson hosts the Kansas State Fair, and National Junior College Athletic Association (NJCAA) Basketball Tournament. It is the home of the Kansas Cosmosphere and Space Center aerospace museum.

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