18701 E 39th St - Freestanding FOR SALE


Independence, MO 64057- Blackburn
$5,500,000 USD
816-808-2540
18701 E 39th St, Independence, MO for Sale
$5,500,000 USD
Freestanding - FOR SALE
1/17
null | 7.22% Cap Rate

18701 E 39th St
Independence, MO 64057
Blackburn


HIGHLIGHTS

  • High Demand Location - Concentration of compatible retailers
  • Attractive Economics - 7.22% Cap Rate
  • Tenant Longevity - 14 Year average tenancy
  • Efficient Tenant Mix - Well-aligned to market demand
  • Exceptional Condition - Mitigated near term capex risk
  • Convenient Accessibility - I-470 & I-70 within 0.5 mile

OVERVIEW

Crossroads Real Estate Group is pleased to present the exclusive listing of 18701 East 39th Street, a fully occupied retail investment opportunity in Independence, Missouri. The strip center has been meticulously maintained and is poised to provide investors with reliable and predictable cash flow thanks to a strong tenant roster composed of Rally House, Xfinity and Chuck E Cheese. Tenant longevity averaging over 14 years and recent renewals attest to tenants’ commitment to the location and suggest limited short-term rollover risk. Roof and HVAC systems were replaced in 2011. The roof warranty has several remaining years. Ideally situated along the 39th Street commercial corridor as an outparcel to the Independence Center Mall, the property enjoys high visibility, robust consumer traffic, and excellent accessibility near major highways. As a retail hub with convenient proximity to key Eastern Jackson County communities, the 39th Street corridor continues to draw customers from an expansive consumer base. This established trade area benefits from the region’s high concentration of national retailers.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$174 USD /SF

CAP RATE

7.22%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

163

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

Commercial

APN/PARCEL ID

34-200-03-02-00-0-00-000

ASK ABOUT THIS PROPERTY

Holly Larrison Mills, MAI, CCIMCrossroads Real Estate GroupMore Info
816-808-2540

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Holly Larrison Mills, MAI, CCIMCrossroads Real Estate GroupMore Info
816-808-2540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.