Listed by Clemons Real Estate
$3,400,000
Holiday Hills Shopping Center
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 40,200
Units 11
Cap Rate 8.30%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Class C
Year Built 1960
Acreage 4.400
Parking Spaces 90 spaces
Parking per 1,000 SqFt 2.24
Ground Lease No
Retail | 8.30% CAP | 40,200 SqFt
Marketing description
Holiday Hills in North Kansas City! The Holiday Hills Shopping Center is 15 minutes from Downtown Kansas City and offers a mix of restaurant, retail businesses and service providers. The center is fully leased with recent lease extensions and increased rents for Texas Tom's and Buck and Up.
Located in the thriving North of the River market in Kansas City, MO, Holiday Hills Shopping Center enjoys a prime position near a variety of attractions and amenities. The nearby neighborhoods offer a robust mix of residential and commercial developments, ensuring a steady flow of potential customers. 40,200 SF of Commercial Retail Space - Includes 2 strip buildings, and Texas Toms standalone restaurant.
Investment highlights
- 40,200 SF of Commercial Retail Space - Includes 2 multi-tenant buildings, and Texas Toms standalone restaurant. (Note: Property excludes grocery store building)
- Below market rents allow for significant upside
- Well maintained with recent parking lot, HVAC, and maintenance updates
- Dollar General Anchored Center - 25+ years at this location
- Over 52,300 Residents within 3 Miles and 140,000 Residents within 5 Miles
- Fully leased
- Buck and Up just signed extension for 2 years with rent increases
- Capitalization Rate 8.0%
- Compelling Tenant Mix - Restaurants, Retailers and Services
Listing Contacts
Listed by Clemons Real Estate
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