7613 Prairie View RdKansas City, MO 64151

Property Details for 7613 Prairie View Rd

Year built

1963

Lot size

5.59 AC

Property size (Sq ft)

37,568 SF

Property type

Retail space

APN

19-4.0-18-200-004-007-000

APU

194018200004007000

Description

This exceptional 42,780-square-foot retail center in Kansas City, Missouri, presents a compelling investment opportunity. Located on NW Prairie View Rd, near I-29 (over 68,000 vehicles daily), this property boasts a prime location with high visibility and a strong demographic profile, featuring a median household income of $87,159. The center comprises two buildings (constructed in 1963 and 1999) and sits on a 5.59-acre lot. Currently 100% occupied, the property features a diverse tenant mix including national anchors like Dollar General, O'Reilly Auto Parts, and Pizza Hut, along with several service-based businesses. These national tenants demonstrate strong commitment, with O'Reilly and Pizza Hut recently extending leases through 2029 and 2030 respectively, and Dollar General having been a tenant since 1995. The current average in-place rent is $7.59 per square foot (NNN), significantly below market rates of $13.00 to $20.00 (NNN), offering substantial upside potential. The property's strong NOI of $324,630 yields an attractive 8.00% cap rate on the $4,060,000 asking price. Given the current high construction costs, this stabilized center represents a below-replacement-cost acquisition. This is a rare opportunity to acquire a high-performing retail asset in a desirable Kansas City location.

Location Insight

City

Platte Woods

County

Platte

State

Missouri

Latitude

39.2334

Longitude

-94.6574

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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