Prime Missouri Retail Center: Multi-Building Opportunity
Property size:
392,500 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
This exceptional retail investment opportunity, Noland Fashion Square, encompasses a 392,500 square foot portfolio situated on 32.81 acres in Independence, Missouri, at the high-traffic intersection of Highway 40 and Noland Road. The property boasts seven buildings ranging in size from 3,000 to 127,458 square feet, offering diverse investment options. Individual building sales prices vary, ranging from $1,100,000 to $10,000,000, reflecting the unique size and location of each structure. Two additional pad sites, each approximately 0.7 acres, are also available for sale, priced at $500,000 each. The property is zoned CP-2 and benefits from a strong tenant roster including established names such as Olive Garden, Next Level Soccer Training, The Forge Gym, America's Best Contacts & Eye Glasses, and Pancho's Mexican Restaurant. The high-traffic intersection sees over 60,000 vehicles daily, ensuring significant visibility and accessibility. This established retail center also offers additional leasable space within the existing buildings, providing further income potential. The property's location benefits from a substantial existing population base and a strong regional draw, making it an attractive investment for both owner-users and investors seeking a diversified portfolio. This is a rare opportunity to acquire a well-established, multi-building retail center in a prime Missouri location.
Property Features for 40 Hwy & Noland Rd
General Information
Property type
Individual retail properties
Square Feet
392,500 SF
Lot Size
1,429,204 SF
Building Details
Buildings
7
HighLights
Retail portfolio consisting of seven buildings totaling 392,500 square feet on a 32.81‑acre site in Independence, MO.
Buildings range from 3,000 to 127,458 square feet, with asking prices ranging from $1,100,000 to $10,000,000.
Two additional 0.7‑acre pad sites are available for $500,000 each.
Strong tenant roster includes Olive Garden, Next Level Soccer Training, The Forge Gym, and America's Best Contacts & Eye Glasses.
High‑traffic location at the intersection of Highway 40 and Noland Road, with over 60,000 cars per day.
Located near other major retailers such as Starbucks, HyVee, Furniture Deals, and Old Time Pottery.
Individual retail property - Prime Missouri Retail Center: Multi-Building Opportunity
Where is this individual retail property located?
The property is located at 40 Hwy & Noland Rd Independence, MO.
What are key features of this property?
This property features: Retail portfolio consisting of seven buildings totaling 392,500 square feet on a 32.81-acre site in Independence, MO.; Buildings range from 3,000 to 127,458 square feet, with asking prices ranging from $1,100,000 to $10,000,000.; Two additional 0.7-acre pad sites are available for $500,000 each.
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40 Hwy & Noland Rd Independence, MO 64055
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Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
40 Hwy & Noland Rd Independence, MO 64055
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40 Hwy & Noland Rd, Independence, MO
Alex Block
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40 Hwy & Noland Rd, Independence, MO
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40 Hwy & Noland Rd, Independence, MO
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40 Hwy & Noland Rd, Independence, MO
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to 40 Hwy & Noland Rd Independence, MO 64055
40 Hwy & Noland Rd, Independence, MO
Alex Block
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