For Sale
$4,150,000

9033 State Route 350 Raytown, MO 64133

High-Yield Shopping Center, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents Towne Center, a 37,482 square foot shopping center in Raytown, Missouri. Located at 9033 E State Rte 350, this multi-tenant property boasts a strong 7.15% capitalization rate based on a stable net operating income (NOI) of $296,554. The asking price is $4,150,000, translating to $110.72 per square foot. Built in 1975 and situated on a 2.76-acre lot, the center provides 134 parking spaces. Currently operating at 100% occupancy, Towne Center benefits from a compelling tenant mix, including significant national retailers such as Dollar General, Rent-A-Center, and Tires Plus. The average tenant tenure is an impressive 16 years, demonstrating exceptional tenant loyalty and stability. This property sits along a major thoroughfare (MO-350 Hwy) experiencing over 40,000 vehicles daily, ensuring high visibility and accessibility. The property is zoned for retail use and is a highly desirable investment due to its consistent performance and prime location in a robust suburban area just south of Kansas City. Please note that this offering excludes the adjacent inline center at 9025-9027 E MO-350 Hwy. This is a turnkey investment ready for immediate income generation.

Highlights

  • 100% Occupancy.
  • 7.15% Cap Rate (actual); 6.60% projected at 95% occupancy.
  • 57.4% National Tenants: Dollar General, Rent-A-Center, and Tires Plus.
  • Average Tenant Tenure: 16 years.
  • Strong Tenant Mix.
  • High-traffic location on major commercial corridor (MO-350 Hwy).

Property Details for 9033 State Route 350

Property type
Lifestyle centers, Power centers
Square Feet
37,482 SF
Year Built
1975
Lot Size (sq. ft)
120,226 SF

Location Insight

City
Raytown
County
Jackson
State
Missouri
Latitude
38.9955052
Longitude
-94.4763337
9033 State Route 350, Raytown, Missouri

FAQs

What type of property is this?
Lifestyle center - High-Yield Shopping Center, 100% Occupied
Where is the lifestyle center located?
The property is located at 9033 State Route 350 Raytown, MO.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: 100% Occupancy.; 7.15% Cap Rate (actual); 6.60% projected at 95% occupancy.; 57.4% National Tenants: Dollar General, Rent-A-Center, and Tires Plus.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9033 State Route 350
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message