Midwest Retail Properties Sells Walmart-Anchored Retail Center in Suburban Wichita, KS

·1 min read

Midwest Retail Properties ("MRP") announces the sale of El Dorado Centre in El Dorado, Kansas for $1,675,000. El Dorado Centre is a 13,805-square-foot shopping center located directly in front of a Walmart Supercenter. It is leased to national credit tenants such as Jimmy John’s, Cato, and AT&T.

This property was acquired as part of a four-property Walmart Shadow Center portfolio in late 2017 for $848,000. MRP disposed of the property on October 21, 2020 after increasing the NOI roughly 275%.

Midwest Retail Properties is a St. Louis-based private equity real estate firm that owns and manages Walmart-Anchored Shadow Centers in secondary and tertiary locations nationwide. MRP’s current portfolio is comprised of over 1 million square feet of Walmart Shadow space across 15 states. Additional information can be found at www.mrpstl.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201022005792/en/

Contacts

Mac O’Keefe
Director of Real Estate
mac@mrpstl.com | 314.439.8301