Retail Center Shadow Anchored by
102 PETER PAN RD, Independence, KS 67301
Call to check price and availability
22,080 SF retail center in Independence, Kansas for sale.
Type:Retail
Property size:
22,080 SFLot size:
2.59 AcresPrice / SF:
$94/SF- Added:
- Apr 30, 2026
- Days on Market:
- 33
- Last Refresh:
- May 8 at 7:32 am
Property Features for 102 PETER PAN RD
General Information
- Standard status
- Active
- Size
- 22,080 SF
- Lot size
- 2.59 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agent Alex Perez License #MO 2005038930
Listing office Marcus & Millichap (314) 889-2500
Listing date Apr 30, 2026
Source Crexi
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
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.
- Strategic Location: Situated on a hard corner along W Main St, the city's main retail corridor, ensuring excellent access and visibility.
- Net Lease Structure: All tenants operate under triple net (NNN) leases, minimizing landlord responsibilities.
- Attractive Cap Rate: Offered at an 8.0% cap rate.
Overview
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.
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Montgomery
- State
- Kansas
- Longitude
- -95.74256
- Latitude
- 37.226627
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FAQs
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.
