EL DORADO, Kan.--(BUSINESS WIRE)--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.