Leased Retail Shopping
18701 E 39TH ST S Independence, MO 64057
For Sale
Contact for pricing
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 Market107
Property Features for 18701 E 39TH ST S
General Information
- Standard status
- Active
- Size
- 31,541 SF
- Lot size
- 3.20 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing Agency:
Crossroads Real Estate Group
(816) 298-9998
Listed By:
Holly Mills · License #MO 2004031968
Source:
Crexi
Added: Apr 9
Changed: Jul 23
Last Checked: Jul 23 at 6:33PM
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
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 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 | $567.7k | $18.00 |
| − Vacancy | −$22.7k | −$0.72 |
| EGI | $545.0k | $17.28 |
| − OpEx | −$163.5k | −$5.18 |
| NOI | $381.5k | $12.10 |
31,541 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rally House Independence
(Bike/Boat/Book/etc) Store
Chuck E. Cheese
Restaurant
Quick-Tag
Shopping Center & Mall
Xfinity Store by ...
Telecommunications Service
Similar Off Market Nearby
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- Independence Crossroads shopping center — 4000 S Bolger Rd, Independence, MO 64055
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FAQs
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
