Retail Space in High-Traffic
For Sale
Contact for pricing
13500-13920 E US Hwy 40, Independence, MO
Retail spaces available in a 300,000 SF shopping center.
Property Size8,000 SF
Lot Size12.06 Acres
Price / SF$375
Days on Market1329
Property Features for 13500-13920 E US Hwy 40
General Information
Standard status
Active
Size
8,000 SF
Lot size
12.06 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 13500-13920 E US Hwy 40 Contact us- Floor
- 1
- Size
- 1,270 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 1,500 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 26,407 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 6,162 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 6,438 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 8,000 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
- Floor
- 1
- Size
- 960 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Noland Fashion Square - Building 2
- Join Olive Garden, Next Level Soccer Training, The Forge Gym, America’s Best...
show more
Contact us
Show more
Listing Agency:
Block & Company, Inc.
(816) 753-6000
Listed By:
David Block · License #BR00015006
(816) 412-7400
Source:
Moodyscre
Added: Jan 27, 2023
Changed: Sep 9
Last Checked: Sep 16 at 4:17PM
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.
Retail spaces are available for lease within a 300,000 square foot shopping center. The center is seeking anchor, junior anchor, and small shop tenants. Pad sites are available for sale, lease, or build-to-suit. Current tenants include Olive Garden, Next Level Soccer Training, The Forge Gym, and America’s Best Contacts & Eye Glasses. Other nearby tenants include Starbucks, HyVee, Furniture Deals, and Old Time Pottery. The location benefits from an established population base and serves as a regional draw, with the intersection carrying over 60,000 cars per day.
Key Highlights
- High traffic location: Over 60,000 cars pass by daily.
- Established population base + regional draw location.
- Join established tenants like Olive Garden and America’s Best Contacts & Eye Glasses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,768
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,935,360
$1.9M
Cap Rate 7%
$1,382,400
$1.4M
Cap Rate 9%
$1,075,200
$1.1M
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$144.0K $18.00/SF
− Vacancy
−$5.8K −$0.72/SF
EGI
$138.2K $17.28/SF
− OpEx
−$41.5K −$5.18/SF
NOI
$96.8K $12.10/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,935,360
Cap Rate 7%
$1,382,400
Cap Rate 9%
$1,075,200
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,504 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
125k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Dining 30%
Home Improvements & Furnishings 13%
Shops & Services 10%
Hy-Vee
Groceries
56,459 visits/mo
0.4 miles
Olive Garden
Dining
17,591 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,961 visits/mo
0.4 miles
Arby's
Dining
7,845 visits/mo
0.4 miles
Red Lobster
Dining
5,118 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Dollar & plus — 4374 s noland rd, independence, mo 64055
Frequently Asked Questions
What type of property is this?
Shopping center - Retail spaces available in a 300,000 SF shopping center.
Where is this shopping center located?
The property is located at 13500-13920 E US Hwy 40 Independence, MO.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: High traffic location: Over 60,000 cars pass by daily.; Established population base + regional draw location.; Join established tenants like Olive Garden and America’s Best Contacts & Eye Glasses.
