Listed by DDM Real Estate LLC
$3,200,000
Southtown Shopping Center
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 39,504
Net Rentable (SqFt) 39,504
Units 10
Cap Rate 8.65%
NOI $276,701
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree, Subway
Lease Type NN+
Class C
Year Built 1965
Year Renovated 2025
Acreage 2.260
Zoning C-3, Highway Business Zone
Parking Spaces 144 spaces
Parking Per SqFt 3.65
Investment Type Stabilized
Ground Lease No
At the core of the regions retail trade area joining Walmart, Lowe's, Ace Hardware & restaurants.
Marketing description
The Southtown Shopping Center is a retail destination in Chillicothe, MO, offering a variety of stores and services for local residents and visitors. Located at S. Washington St, Chillicothe, MO 64601, this one-stop shopping experience is the core of the city's commercial corridor. It represents a strategic asset due to its stable tenancy, including NAPA Auto Parts and Dollar Tree, and its high-traffic location, which generates an estimated 12,000 to 14,000 VPD on South Washington Street. The center benefits from proximity to major anchor stores like Walmart, Lowe's, and Hy-Vee, and the local market's competitive retail rents make it an attractive, value-oriented investment opportunity.
Investment highlights
- High recurring traffic is driven by its function as the main shopping hub for Livingston County and surrounding areas.
- Co-tenants in the immediate area include Ace Hardware, Hy-Vee Grocery, Walmart Supercenter, Lowe's Home Improvement, Verizon, T-Mobile, AT&T, Dairy Queen, McDonald's, Taco Bell and Burger King.
- Chillocothe's mediam household income (approx. $67,000) supports a stable, value oriented customer base for essential retail services.
- Center benefits from the long-term, stable presence of major national brands like NAPA, Dollar Tree and Maurices.
Listing Contacts
Listed by DDM Real Estate LLC
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$276,701.00
$23,058.42/mo
Valuation Metrics
0
DSCR
8.65%
Cap Rate
8.65%
ROI
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