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18701 E 39th St
Independence, MO 64057
Retail Property For Sale
Investment Highlights
- High Demand Location - Concentration of compatible retailers
- Tenant Longevity - 14 Year average tenancy
- Exceptional Condition - Mitigated near term capex risk
- Attractive Economics - 7.22% Cap Rate
- Efficient Tenant Mix - Well-aligned to market demand
- Convenient Accessibility - I-470 & I-70 within 0.5 mile
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,541 SF
Building Class
B
Year Built/Renovated
1994/2011
Price
$7,576,250 CAD
Price Per SF
$240.20 CAD
Cap Rate
7.22%
NOI
$546,965 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
3.20 AC
Zoning
Commercial - C-2
Parking
163 Spaces (5.17 Spaces per 1,000 SF Leased)
Frontage
470’ on E 39th St
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 34-200-03-02-00-0-00-000 | Improvements Assessment | $233,271 CAD |
| Land Assessment | $1,295,952 CAD | Total Assessment | $1,529,223 CAD |
Property Taxes
Parcel Number
34-200-03-02-00-0-00-000
Land Assessment
$1,295,952 CAD
Improvements Assessment
$233,271 CAD
Total Assessment
$1,529,223 CAD
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