Listed by Sands Investment Group, Sands Investment Group Philadelphia
$2,600,000
Cottonwood Plaza - Kennett, MO
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 33,046
Units 7
Cap Rate 8.66%
NOI $225,200
Occupancy 89.4%
Tenancy Multi
Price per SqFt $79
Year Built 1999
Acreage 4.490
Ground Lease No
89% Occupied Retail Center | 8.66% CAP | Value-Add Upside | Under $79 PSF | Missouri
Marketing description
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.
Investment highlights
- Attractive Pricing: Offered at under $79 PSF, providing an excellent entry point for investors seeking yield in a stable Midwest retail market.
- Value-Add Potential: The north building includes a 3,500 SF vacancy ready for leasing, offering upside through new occupancy to boost NOI.
- Diverse Tenant Mix: The tenant roster combines national retailers such as Domino's and H&R Block with childcare users and local service providers to create a stable income stream.
- High Occupancy and Stable Cash Flow: Currently 89% occupied with an NOI of $225,200 supported by long-term tenants and renewal options.
- Near-Term Leasing Leverage: 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 the net operating income.
- Community Driven Anchor Tenant: UMOS (United Migrant Opportunity Services) provides workforce and community assistance programs in Missouri, creating a mission-driven occupancy profile through 2031 with 5, 5-year options to renew.
- Parcel Description: Features 2 separate, stand-alone buildings on 1 parcel.
Listing Contacts
Listed by Sands Investment Group, Sands Investment Group Philadelphia
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$225,200.00
$18,766.67/mo
Valuation Metrics
0
DSCR
8.66%
Cap Rate
8.66%
ROI
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