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31583406
31583407

18701 E 39TH ST S, INDEPENDENCE, MO 64057-1708

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group
$5,500,000
76 days on market
Updated 2 days ago

Independence Center - Three Tenant Strip Center

Details
APN 34200030200000000
Property Type Retail
Sub Type Shopping Center
Square Footage 31,541
Net Rentable (SqFt) 31,541
Units 3
Cap Rate 7.22%
NOI $397,071
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class B
Year Built 1994
Year Renovated 2011
Stories 1
Acreage 3.200
Investment Type Stabilized
Ground Lease No

Retail | 7.22% CAP | 31,541 SqFt

Marketing description

Shopping Center at 18701 East 39th Street, Independence, MO presents an exceptional opportunity to acquire a fully leased, high-performing retail asset in one of Eastern Jackson County’s most active shopping corridors. Positioned as an outparcel to Independence Center Mall and less than half a mile from both I-70 and I-470, the property benefits from outstanding visibility, regional accessibility, and strong daily consumer traffic. This 31,541-square-foot center sits on 3.20 acres and is 100% occupied by a compelling lineup of established traffic drivers: Rally House, Xfinity, and Chuck E. Cheese. With average tenant tenure exceeding 14 years, recent renewals, and a NNN lease structure, the asset offers stable, predictable cash flow with limited near-term rollover risk. Originally built in 1994 and renovated in 2011, the center has been well maintained, with roof and HVAC systems replaced in 2011, helping reduce near-term capital needs. The site also features abundant parking with 169 spaces, or 5.36 spaces per 1,000 square feet. Surrounded by a dense concentration of national retailers in a proven retail epicenter, this investment combines strong in-place income, excellent real estate fundamentals, and long-term hold appeal.

Investment highlights

  • High Demand Location | Concentration of compatible retailers
  • 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 miles
  • Attractive Economics | NNN Structure
  • Abundant Parking | 5.4 spaces per 1,000 SF

Listing Contacts

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$397,071.00
$33,089.25/mo

Valuation Metrics

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DSCR
7.22%
Cap Rate
7.22%
ROI

Map

Zoning

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I-1 IndustrialIndustrial
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Last updated Jun 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Holly Mills
License
MO 2004031968
Brokerage
Crossroads Real Estate Group
Brokerage Address
6200 Mastin Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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