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    5900 Wilson Dr, Kansas City, MO

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    29,440 SF shopping center with national and local tenants.

    Type:RETAIL
    Property size:
    29,440 SF
    Lot size:
    3.36 Acres
    Price / SF:
    $132/SF
    Added:
    Jan 24, 2025
    Days on Market:
    502
    Last Refresh:
    May 19 at 8:42 pm

    Property Features for 5900 Wilson Dr

    General Information

    Standard status
    Active
    Size
    29,440 SF
    Lot size
    3.36 Acres
    Property subtype
    RETAIL

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    Listing Contact
    John Sweeney
    John Sweeney

    Listing agent John Sweeney License #SP00233396

    Listing office Reece Commercial Real Estate | Leawood

    Listing date Jan 24, 2025

    Source Moodyscre

    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 Reece Commercial Real Estate | Leawood

    HighLights

    • High foot traffic and visibility thanks to a strong tenant mix including national brands.
    • Strategic location on Independence Avenue with virtually no competition.
    • Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
    • Located in a thriving residential and commercial area.
    • Includes four smaller, locally‑owned businesses, adding a community‑focused character.
    • Total area of 29,440 sq ft providing a substantial retail space.

    Overview

    This 29,440 square foot local shopping center features a mix of national and local tenants. National brands such as Family Dollar, Rent-A-Center, Cricket Wireless, and Pizza Hut anchor the center. Four smaller, locally-owned businesses add a community-focused character. The shopping center is located directly to the west of the North-East Branch of the Kansas City Public Library and adjacent to a Price Chopper grocery store. Positioned along Independence Avenue, just south of the Historic Indian Mound Neighborhood, the center has visibility and accessibility. The center benefits from traffic and supports a residential and commercial area. There is virtually no competition in any direction.

    Local 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 $413.3k $14.04
    − Vacancy −$17.8k −$0.60
    EGI $395.6k $13.44
    − OpEx −$118.7k −$4.03
    NOI $276.9k $9.41
    29,440 SF · lease $14.04/SF/yr · vacancy 4.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $3.96M
    $3.46M – $4.61M (±1% cap)
    NOI $276,895 @ 7.0% cap · market cap 7.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $7.01M
    $6.14M – $8.18M (±1% cap)
    NOI $490,861 @ 7.0% cap · market cap 12.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5728
    Latitude
    39.1585

    FAQs

    What type of property is this?
    Shopping center - 29,440 SF shopping center with national and local tenants.
    Where is this shopping center located?
    The property is located at 5900 Wilson Dr Kansas City, MO.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: High foot traffic and visibility thanks to a strong tenant mix including national brands.; Strategic location on Independence Avenue with virtually no competition.; Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
    (913) 652-4300 Call to check price and availability
    More about this property
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