508 Independence Ave - Storefront FOR SALE


Kennett, MO 63857
$2,600,000 USD
312-614-4521
508 Independence Ave, Kennett, MO for Sale
$2,600,000 USD
Storefront - FOR SALE
1/4
null | 8.66% Cap Rate

508 Independence Ave
Kennett, MO 63857


HIGHLIGHTS

  • Offered at under $79 PSF, providing an excellent entry point for investors seeking yield in a stable Midwest retail market.
  • The north building includes a 3,500 SF vacancy ready for leasing, offering upside through new occupancy to boost NOI.
  • The tenant roster combines national retailers such as Domino's and H&R Block with childcare users and local service providers.
  • Currently 89% occupied with an NOI of $225,200 supported by long-term tenants and renewal options.
  • With a WALT of 3+ years, there is a clear opportunity to negotiate higher rent to meet the market or find new tenants to boost.
  • UMOS (United Migrant Opportunity Services) provides workforce and community assistance programs in Missouri, creating a mission-driven occupancy.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 33,046 SF Cottonwood Plaza located at 502-630 Cottonwood Plaza in Kennett, MO. Offered at an attractive basis of just under $79 PSF, this value-add retail opportunity features a 3,500 SF vacant suite ready for lease, providing investors with immediate upside through increased occupancy and NOI growth in a well-established Midwest retail market. In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

8.66%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cottonwood Plaza - Kennett, MO

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

Commercial

APN/PARCEL ID

12-09.0-31-003-06-002.000.000

ASK ABOUT THIS PROPERTY

Henry MikulaSands Investment GroupMore Info
312-614-4521

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

Henry MikulaSands Investment GroupMore Info
312-614-4521

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