9033 State Rte 350 Raytown, MO 64133-5716
- Strip malls
- 12,300 SF
- 2.76 lot acres
Current Use by Public Records
- Strip malls
Property Details for 9033 State Rte 350
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 2.76 lot acres
- Property size
- 12,300 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 45-520-15-01
- APU
- 455201501
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Raytown
- County
- Jackson
- State
- Missouri
- Longitude
- -94.4763
- Latitude
- 38.9955
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
