40 Hwy & Noland Rd Independence, MO 64055
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.