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31245239
31245240

17407 E US Hwy 24, Independence, MO 64056

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,138,000
93 days on market
Updated 25 days ago

Dollar Tree Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 13,750
Units 3
Cap Rate 8%
NOI $171,038
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree
Lease Type NNN
Price per SqFt $155
Year Built 1980
Year Renovated 2016
Acreage 1.750
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No

Retail | 8.00% CAP | 13,750 SqFt | 100% Occupied | $155 Per Square Foot

Marketing description

The subject property is a 13,750-square-foot, multi-tenant retail center located in Independence, Missouri. Dollar Tree Plaza is currently 100 percent occupied, and all leases are triple-net, providing limited landlord responsibilities. The tenant base is complementary mix of internet-resistant, service-oriented businesses, and leased to all national tenants. Anchored by Dollar Tree, the other tenants include Domino’s Pizza and Liberty Tax. The building was constructed in 1980, renovated in 2016 and sits on a 1.75-acre parcel. Landlord reports some parking lot repairs were completed in September 2025.

Dollar Tree Plaza is located in a dense retail trade area on U.S. Highway 24, just east of Interstate 291. Traffic counts are more than 22,000 vehicles per day. Numerous national and regional retailers are in the neighboring area, including Cosentino’s Sun Fresh Market, Subway, Family Dollar, Fantastic Sams Cut & Color, Edward Jones, H&R Block, KFC, Walgreens, 7-Eleven, Pizza Hut, Papa Murphy’s, CVS, Dollar General, Metro by T-Mobile, Sonic Drive In, Taco Bell, Papa John’s, AutoZone Auto Parts, Scooter’s Coffee, McDonald’s, and others. The area is also home to Harry S. Truman Presidential Library and Museum, the presidential library and resting place of Harry S. Truman, the 33rd president of the United States. The property benefits from proximity to the rapidly expanding Eastgate Commerce Center, a significant demand generator featuring a $1 billion mixed-use industrial park and the upcoming Nebius AI Data Center, which represents a massive multi-billion-dollar capital investment.

Investment highlights

  • FULLY STABILIZED ASSET | 100% NNN
    • Dollar Tree Plaza is a 13,750-square-foot retail center situated on a 1.75-acre fee-simple parcel that is 100% occupied delivering immediate in-place cash flow and operational stability. All tenants operate under triple-net terms.

  • NATIONAL ANCHOR STABILITY | 100% NATIONAL TENANTS
    • Anchored by Dollar Tree, the property benefits from a nationally recognized daily-needs retailer as well as Domino's Pizza and Liberty Tax Services, driving consistent traffic.

  • DENSE, PROVEN TRADE AREA
    • The center serves approximately 83,854 residents within five miles with an average household income of $72,130 and captures 22,326 to 25,634 vehicles per day along East US Highway 24, supporting sustained tenant demand.

  • KANSAS CITY MSA LOCATION
    • The center serves approximately 83,854 residents within five miles with an average household income of $72,130 and captures 22,326 to 25,634 vehicles per day along East US Highway 24, supporting sustained tenant demand.

  • PRICED AT $155 PER SQUARE FOOT
    • At $155 per square foot, the property is offered below replacement cost.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,038.00
$14,253.17/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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C-1 CommercialNeighborhood CommercialNeighborhood Commercial
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Last updated Jun 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
David Saverin
License
2008013520
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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