8501 Madison Ave Kansas City, MO 64155
Property profile & analytics
8501 Madison Ave Kansas City, MO 64155
- Retail space
- 10,542 SF
- 1.29 lot acres
Property ID
US48-1020849
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Location Intelligence
Current Use by Public Records
- Range USA Kansas City North / Shooting Range
Property Details for 8501 Madison Ave
- Year built
- 2024
- Lot size
- 1.29 lot acres
- Property size
- 10,542 SF
- Property type
- Retail space
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,542-square-foot pOpshelf store in Kansas City, Missouri. Located within the high-performing Barry Towne Shopping Center, anchored by Target and Kohl's, this property boasts a 15.1-year absolute NNN lease commencing August 15, 2024, and expiring August 31, 2039. The lease includes built-in rent bumps of 5% every five years during the primary term, followed by four five-year renewal options with a 10% increase at each option. The tenant, pOpshelf (a Dollar General concept), is backed by a corporate guarantee from Dollar General Corporation, holding a "BBB" investment-grade credit rating. The property sits on a 1.29-acre lot with 53 parking spaces and enjoys excellent visibility due to its strategic location off Highway 169 (34,661 vehicles per day) and NW Barry Road (16,476 vehicles per day). The surrounding area demonstrates strong demographics, with a one-mile average household income of $79,698 and a five-mile population of 164,089. The property's location benefits from proximity to the Metro North Mall Redevelopment and the future Twin Creeks Development, promising significant future growth. The asking price of $3,274,914 reflects a 6.50% cap rate based on a net operating income (NOI) of $212,869. This property is zoned for commercial use and was built in 2024. This presents an ideal opportunity for a 1031 exchange or passive investor seeking a secure, high-return investment.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Clay
- State
- Missouri
- Longitude
- -94.592295
- Latitude
- 39.2488748
