Leased Retail Shopping
For Sale
Contact for pricing
18701 E 39TH ST S, Independence, MO 64057
Fully leased retail center featuring tenants Rally House, Xfinity, and Chuck E. Cheese on an NNN lease structure.
Property Size31,541 SF
Lot Size3.20 Acres
Price / SF$174.38
Days on Market204
Property Features for 18701 E 39TH ST S
General Information
Standard status
Active
Size
31,541 SF
Class
B
Total Parking Spaces
169
Lot size
3.20 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$418,516
Site & Location
Neighborhood
Blackburn
Highway Access
Yes
Building Details
Year Built
1994
Year Renovated
2011
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Crossroads Real Estate Group
Listed By:
Holly Mills · License #MO 2004031968
(816) 774-4250
Source:
Crexi
Added: Apr 9
Changed: Oct 25
Last Checked: Oct 28 at 8:08AM
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 Crossroads Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center presents a fully leased, income-producing retail property configured to support a durable tenant lineup. The center is 100% occupied by Rally House, Xfinity, and Chuck E. Cheese, with the asset originally built in 1994 and renovated in 2011. Roof and HVAC systems were replaced in 2011, supporting near-term building performance. The property is described as operating under an NNN lease structure.
Positioned as an outparcel to Independence Center Mall, the site is located less than half a mile from both I-70 and I-470, supporting strong regional access and visibility. The property offers abundant parking with 169 spaces (5.36 spaces per 1,000 square feet).
At 3.20 acres, the center totals 31,541 square feet and is presented as a well-maintained retail asset with established tenant tenure and recent renewals.
Positioned as an outparcel to Independence Center Mall, the site is located less than half a mile from both I-70 and I-470, supporting strong regional access and visibility. The property offers abundant parking with 169 spaces (5.36 spaces per 1,000 square feet).
At 3.20 acres, the center totals 31,541 square feet and is presented as a well-maintained retail asset with established tenant tenure and recent renewals.
Key Highlights
- Fully leased 31,541 SF shopping center on 3.20 acres, 100% occupied by Rally House, Xfinity, and Chuck E. Cheese
- NNN lease structure with average tenant tenure over 14 years and recent renewals
- Built in 1994 and renovated in 2011; roof and HVAC systems replaced in 2011
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$381,520
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,630,400
$7.6M
Cap Rate 7%
$5,450,286
$5.5M
Cap Rate 9%
$4,239,111
$4.2M
Market Conditions
NOI Build-Up for 31,541 SF
Gross rent
$567.7K $18.00/SF
− Vacancy
−$22.7K −$0.72/SF
EGI
$545.0K $17.28/SF
− OpEx
−$163.5K −$5.18/SF
NOI
$381.5K $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 Rate 5%
$7,630,400
Cap Rate 7%
$5,450,286
Cap Rate 9%
$4,239,111
Alternative Uses
Best Use
Retail
$5.45M
$4.77M – $6.36M
NOI $381,520 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.32M
$8.16M – $10.88M
NOI $652,520 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
904
Businesses Nearby
708k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Apparel 20%
Shops & Services 17%
Dining 13%
Walmart
Superstores
136,816 visits/mo
0.3 miles
Sam's Club
Superstores
122,492 visits/mo
0.4 miles
Marshalls
Apparel
45,588 visits/mo
0.3 miles
AMC Independence Commons 20
Leisure
41,868 visits/mo
0.5 miles
Kohl's
Apparel
41,774 visits/mo
0.2 miles
Demographics for 64057, MO
14,830
Population
6,652
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
94%
High-School Grad
14.7 sq mi
ZIP Area
1,009
Density / Sq Mi
$71,441
Median Household Income
$44,391
Median Earnings
$1,139
Median Rent
$235,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center featuring tenants Rally House, Xfinity, and Chuck E. Cheese on an NNN lease structure.
Where is this shopping center located?
The property is located at 18701 E 39TH ST S Independence, MO.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Fully leased 31,541 SF shopping center on 3.20 acres, 100% occupied by Rally House, Xfinity, and Chuck E. Cheese; NNN lease structure with average tenant tenure over 14 years and recent renewals; Built in 1994 and renovated in 2011; roof and HVAC systems replaced in 2011
