

Listed by Crossroads Real Estate Group
$5,500,000
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


Listed by Crossroads Real Estate Group
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Loan Amount
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Annual Debt Service
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$--
Annual Cash Flow
$397,071.00
$33,089.25/mo
Valuation Metrics
0
DSCR
7.22%
Cap Rate
7.22%
ROI
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Zoning
I-1 IndustrialIndustrial
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