7613 Pr Vw Rd Platte Woods, MO 64151

This exceptional 42,780-square-foot retail center in Kansas City, Missouri, presents a compelling investment opportunity. Located on NW Prairie View Rd, near I-29 (over 68,000 vehicles daily), this property boasts a prime location with high visibility and a strong demographic profile, featuring a median household income of $87,159. The center comprises two buildings (constructed in 1963 and 1999) and sits on a 5.59-acre lot. Currently 100% occupied, the property features a diverse tenant mix including national anchors like Dollar General, O'Reilly Auto Parts, and Pizza Hut, along with several service-based businesses. These national tenants demonstrate strong commitment, with O'Reilly and Pizza Hut recently extending leases through 2029 and 2030 respectively, and Dollar General having been a tenant since 1995. The current average in-place rent is $7.59 per square foot (NNN), significantly below market rates of $13.00 to $20.00 (NNN), offering substantial upside potential. The property's strong NOI of $324,630 yields an attractive 8.00% cap rate on the $4,060,000 asking price. Given the current high construction costs, this stabilized center represents a below-replacement-cost acquisition. This is a rare opportunity to acquire a high-performing retail asset in a desirable Kansas City location.