Retail Center Shadow Anchored by
For Sale
Contact for pricing
Pending
102 PETER PAN RD, Independence, KS 67301
22,080 SF retail center in Independence, Kansas for sale.
Property Size22,080 SF
Lot Size2.59 Acres
Days on Market123
Property Features for 102 PETER PAN RD
General Information
Standard status
Pending
Size
22,080 SF
Total Parking Spaces
107
Lot size
2.59 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2003
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(314) 889-2500
Listed By:
Alex Perez · License #IL 475199830
Source:
Crexi
Added: Apr 30
Changed: Aug 19
Last Checked: Aug 18 at 6:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
The Independence Center is a 22,080 square foot retail shopping center located in Independence, Kansas. Built in 2003 on a 2.59-acre site, the property is shadow-anchored by Walmart and is 100% occupied. The center is anchored by Dollar Tree, who has been at the center since construction in 2003, and recently exercised its fourth, five-year option extending their lease through 2031. Other tenants include US Cellular, A2Z Tobacco & Vape, and Verizon Wireless. The property is positioned on a hard corner at the entrance to the Walmart Supercenter parking lot, providing access and visibility. It is situated along W Main St, the city’s main thoroughfare and retail corridor. The tenant mix consists of service-oriented businesses, with 77% of the gross leasable area occupied by national credit tenants. The property features contractual rent increases, staggered lease expirations, and a weighted average lease term of 4.5 years. The property includes a modern façade and prominent pylon signage. All tenants have triple net lease structures and are responsible for their share of real estate taxes, insurance, and common area maintenance.
Key Highlights
- 100% Occupancy: The property is fully leased, providing immediate income.
- Walmart Shadow Anchor: Located at the entrance to a Walmart Supercenter parking lot, benefiting from high traffic.
- Strong Tenant Mix: Anchored by Dollar Tree (since 2003 with lease extended to 2031) and includes national credit tenants like US Cellular and Verizon Wireless.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Shops & Services 24%
Home Improvements & Furnishings 17%
Hotels & Casinos 4%
Walmart
Superstores
39,196 visits/mo
0.3 miles
Dollar Tree
Shops & Services
9,060 visits/mo
0.2 miles
Conoco
Shops & Services
8,369 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
7,486 visits/mo
0.1 miles
Waters Hardware
Home Improvements & Furnishings
5,062 visits/mo
0.2 miles
Demographics for 67301, KS
12,385
Population
6,421
Households
1.9
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
215.0 sq mi
ZIP Area
58
Density / Sq Mi
$54,905
Median Household Income
$34,626
Median Earnings
$798
Median Rent
$109,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 22,080 SF retail center in Independence, Kansas for sale.
Where is this shopping center located?
The property is located at 102 PETER PAN RD Independence, KS.
What is the asking price?
The asking price for this property is $2,096,123.
What are key features of this property?
This property features: 100% Occupancy: The property is fully leased, providing immediate income.; Walmart Shadow Anchor: Located at the entrance to a Walmart Supercenter parking lot, benefiting from high traffic.; Strong Tenant Mix: Anchored by Dollar Tree (since 2003 with lease extended to 2031) and includes national credit tenants like US Cellular and Verizon Wireless.
