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18680 East 39th St SIndependence, MO 64057

High-traffic retail center, strong tenants.

Overview

Added:
Dec 23, 2024
Days on market:
112
This exceptional retail property, located at 18680 East 39th St S in Independence, MO, 64057, offers an outstanding investment opportunity. The 11,842 square foot building is currently occupied by two strong national tenants: Men's Wearhouse and 5.11 Tactical. Men's Wearhouse, a leading menswear retailer with over 1,000 locations, recently signed a 5-year lease extension with a significant rent increase, demonstrating their commitment to this location. Their long-term presence, exceeding 16 years, speaks volumes about the site's success. 5.11 Tactical, a prominent brand in outdoor and tactical apparel, has a 10-year lease with 5 years remaining. This property benefits from its prime location within the Kansas City MSA, just 25 minutes from downtown Kansas City and 40 minutes from Kansas City International Airport. The property is situated in a high-traffic retail area, surrounded by numerous national retailers, yet enjoys independence from shopping center restrictions. The annual rent is $3,705,000, with a triple net (NNN) lease structure. The property presents a compelling opportunity for long-term income generation and potential future expansion, given the strength of its tenants and strategic location. The next option period for Men's Wearhouse includes a 12.9% rent increase. This property offers a rare combination of established tenants, strong lease terms, and a highly desirable location within a thriving retail market.

Highlights

  • 11,842 sq ft retail property in Independence, MO, featuring Men's Wearhouse & 5.11 Tactical.
  • Men's Wearhouse recently extended its lease with a significant rent increase, demonstrating strong commitment.
  • Located 25 minutes from downtown Kansas City and near major retail brands, offering excellent visibility.

Property Details for 18680 East 39th St S

Property type
Retail properties
Lease Type
NNN
RSF (Rentable sq. ft)
11,842 SF
USF (Usable sq. ft)
11,842 SF
Year Built
1984
Buildings
1
Stories
1
Elevators
N/A
Total Rate
3705000
Lease Type
NNN

Location Insight

City
Independence
County
State
Missouri

FAQs

What type of property is this?
Retail property - High-traffic retail center, strong tenants.
Where is the retail property located?
The property is located at 18680 East 39th St S Independence, MO.
What are key features of this property?
This property features: 11,842 sq ft retail property in Independence, MO, featuring Men's Wearhouse & 5.11 Tactical.; Men's Wearhouse recently extended its lease with a significant rent increase, demonstrating strong commitment.; Located 25 minutes from downtown Kansas City and near major retail brands, offering excellent visibility.
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18680 East 39th St S
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