Restaurant Pad Site with Split
3945 Bolger Rd Independence, MO 64055
For Sale
Contact for pricing
Renovated restaurant pad site at a major retail center with abundant parking and visibility to 291 and I-70.
Property Size6,700 SF
Price / SF$194.03
Days on Market1277
Property Features for 3945 Bolger Rd
General Information
Standard status
Active
Size
6,700 SF
Property subtype
RETAIL
Listing Agency:
Block & Company, Inc.
(816) 412-7339
Listed By:
Coltin Diehl · License #00249262
Source:
Moodyscre
Added: Jan 30, 2023
Changed: Jul 29
Last Checked: Jul 29 at 5:58AM
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 Block & Company, Inc.
Investment Insights
Based on property information with market context.
This property is a restaurant pad site positioned within a busy shopping center environment. The building has been just renovated with an upscale restaurant build-out, and the space can be split to accommodate different sizes, with 1,800 square feet up to 6,700 square feet available. Ample parking supports day-to-day customer traffic.
The site is directly across the street from Independence Center Mall and is part of a regional retail draw anchored by Walmart, Sam’s Club, and Petsmart. The property also benefits from adjacency to other well-known operators, including McDonald’s, Petsmart, Perkins Restaurant, and NTB. Visibility is strong to Highway 291 and I-70, supporting retail and restaurant visibility to major routes. Other nearby area tenants include Bass Pro Shop, Target, Macy’s, Sears, Costco, Lowe’s, Dillards, Chick-fil-A, Starbucks, and AMC, among others.
The site is directly across the street from Independence Center Mall and is part of a regional retail draw anchored by Walmart, Sam’s Club, and Petsmart. The property also benefits from adjacency to other well-known operators, including McDonald’s, Petsmart, Perkins Restaurant, and NTB. Visibility is strong to Highway 291 and I-70, supporting retail and restaurant visibility to major routes. Other nearby area tenants include Bass Pro Shop, Target, Macy’s, Sears, Costco, Lowe’s, Dillards, Chick-fil-A, Starbucks, and AMC, among others.
Key Highlights
- Pad site for a restaurant at a retail center anchored by Walmart, Sam’s Club, and Petsmart
- Building space can be split: 1,800 SF up to 6,700 SF available
- Just renovated upscale restaurant build‑out
Financial Insights For Specialty 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 | $128.6k | $19.20 |
| − Vacancy | −$5.1k | −$0.77 |
| EGI | $123.5k | $18.43 |
| − OpEx | −$30.9k | −$4.61 |
| NOI | $92.6k | $13.82 |
6,700 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,621 @ 7.0% cap · market cap 7.12%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $81,043 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,610 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant pad site at a major retail center with abundant parking and visibility to 291 and I-70.
Where is this conventional restaurant located?
The property is located at 3945 Bolger Rd Independence, MO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Pad site for a restaurant at a retail center anchored by Walmart, Sam’s Club, and Petsmart; Building space can be split: 1,800 SF up to 6,700 SF available; Just renovated upscale restaurant build‑out
