Local Shopping Center For
5900 Wilson Dr Kansas City, MO
For Sale
Contact for pricing
29,440 SF shopping center with national and local tenants.
Property Size29,440 SF
Lot Size3.36 Acres
Price / SF$132.47
Days on Market548
Property Features for 5900 Wilson Dr
General Information
- Standard status
- Active
- Size
- 29,440 SF
- Lot size
- 3.36 Acres
- Property subtype
- RETAIL
Listing Agency:
Reece Commercial Real Estate | Leawood
(913) 652-4300
Listed By:
John Sweeney · License #SP00233396
(913) 652-4300
Source:
Moodyscre
Added: Jan 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:14AM
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 Reece Commercial Real Estate | Leawood
Investment Insights
Based on property information with market context.
This 29,440 square foot local shopping center features a mix of national and local tenants. National brands such as Family Dollar, Rent-A-Center, Cricket Wireless, and Pizza Hut anchor the center. Four smaller, locally-owned businesses add a community-focused character. The shopping center is located directly to the west of the North-East Branch of the Kansas City Public Library and adjacent to a Price Chopper grocery store. Positioned along Independence Avenue, just south of the Historic Indian Mound Neighborhood, the center has visibility and accessibility. The center benefits from traffic and supports a residential and commercial area. There is virtually no competition in any direction.
Key Highlights
- High foot traffic and visibility thanks to a strong tenant mix including national brands.
- Strategic location on Independence Avenue with virtually no competition.
- Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.3k | $14.04 |
| − Vacancy | −$17.8k | −$0.60 |
| EGI | $395.6k | $13.44 |
| − OpEx | −$118.7k | −$4.03 |
| NOI | $276.9k | $9.41 |
29,440 SF · lease $14.04/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.96M
$3.46M – $4.61M
NOI $276,895 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,861 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - 29,440 SF shopping center with national and local tenants.
Where is this shopping center located?
The property is located at 5900 Wilson Dr Kansas City, MO.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: High foot traffic and visibility thanks to a strong tenant mix including national brands.; Strategic location on Independence Avenue with virtually no competition.; Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
