9033 State Rte 350, Raytown, MO 64133-5716

This exceptional investment opportunity presents Towne Center, a 37,482 square foot shopping center in Raytown, Missouri. Located at 9033 E State Rte 350, this multi-tenant property boasts a strong 7.15% capitalization rate based on a stable net operating income (NOI) of $296,554. The asking price is $4,150,000, translating to $110.72 per square foot. Built in 1975 and situated on a 2.76-acre lot, the center provides 134 parking spaces. Currently operating at 100% occupancy, Towne Center benefits from a compelling tenant mix, including significant national retailers such as Dollar General, Rent-A-Center, and Tires Plus. The average tenant tenure is an impressive 16 years, demonstrating exceptional tenant loyalty and stability. This property sits along a major thoroughfare (MO-350 Hwy) experiencing over 40,000 vehicles daily, ensuring high visibility and accessibility. The property is zoned for retail use and is a highly desirable investment due to its consistent performance and prime location in a robust suburban area just south of Kansas City. Please note that this offering excludes the adjacent inline center at 9025-9027 E MO-350 Hwy. This is a turnkey investment ready for immediate income generation.