Restaurant Pad Site with Split
For Sale
Contact for pricing
3945 Bolger Rd, Independence, MO 64055
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 Market1368
Property Features for 3945 Bolger Rd
General Information
Standard status
Active
Size
6,700 SF
Property subtype
RETAIL
Site & Location
Neighborhood
39th East
Anchor Co-Tenants
Walmart, Sam's Club, Petsmart, McDonald's, Perkins Restaurant, NTB
Highway Access
Yes
Road Access
Yes
Listing Agency:
Block & Company, Inc.
(816) 753-6000
Listed By:
Coltin Diehl · License #00249262
(816) 412-7339
Source:
Moodyscre
Added: Jan 30, 2023
Changed: Oct 25
Last Checked: Oct 28 at 6:05AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$92,621
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,852,420
$1.9M
Cap Rate 7%
$1,323,157
$1.3M
Cap Rate 9%
$1,029,122
$1.0M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$128.6K $19.20/SF
− Vacancy
−$5.1K −$0.77/SF
EGI
$123.5K $18.43/SF
− OpEx
−$30.9K −$4.61/SF
NOI
$92.6K $13.82/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,852,420
Cap Rate 7%
$1,323,157
Cap Rate 9%
$1,029,122
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.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
758k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Apparel 20%
Shops & Services 17%
Dining 14%
Walmart
Superstores
136,816 visits/mo
0.2 miles
Sam's Club
Superstores
122,492 visits/mo
0.2 miles
Target
Superstores
88,515 visits/mo
0.4 miles
Marshalls
Apparel
45,588 visits/mo
0.5 miles
Kohl's
Apparel
41,774 visits/mo
0.3 miles
Demographics for 64055, MO
36,225
Population
16,900
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
2,898
Density / Sq Mi
$64,646
Median Household Income
$42,121
Median Earnings
$1,098
Median Rent
$173,400
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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
