Retail Center Shadow Anchored by
102 PETER PAN RD Independence, KS 67301
102 PETER PAN RD, Independence, KS, 67301
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For Sale
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22,080 SF retail center in Independence, Kansas for sale.
Property Size22,080 SF
Lot Size2.59 Acres
Price / SF$94.93
Days on Market78
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 Agency
Marcus & Millichap
(314) 889-2500
Listed by
Alex Perez · License #MO 2005038930
Source
Crexi
Added: Apr 30 Checked: Jul 16 at 7:19 am
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
Location Intelligence
Current Use by Public Records
Dollar Tree
Discount Store
Similar For Sale Nearby
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.
