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Independence Corners | Independence, MO 2110-2112 S M-291 Hwy 72,956 SF 84% Leased Retail Building Independence, MO 64057 $8,159,166 CAD ($111.84 CAD/SF) 7.35% Cap Rate
Investment Highlights
- Tractor Supply Co./7 Brew/American Freight and Shops: 84% Occupied, Stabilized Investment With the Opportunity to Add Value Through Lease-Up
- American Freight Furniture & Mattress – Ranks #1 in Missouri and in the Top 7% Nationwide (Placer.ai), Ranking #5 Out of 58 Stores
- High-Traffic, Signalized Intersection (62,000 CPD)
- Tractor Supply – Has Investment-Grade Credit (NASDAQ: TSCO; S&P: BBB) and Is the Largest Rural Lifestyle Retailer in the U.S., With 2,600+ Locations
- Parking Lot Was Milled and Overlaid in 2025
- Independence Is Part of the Kansas City MSA: Independence Is Located 25 Minutes From Downtown Kansas City and 40 Minutes From Airport
Executive Summary
High-Performance-Credit Anchor Tenant | High-Traffic, Signalized Intersection (62,000 CPD) | Kansas City MSA; Population of 2.35M
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
72,956 SF
Building Class
C
Year Built
1985
Price
$8,159,166 CAD
Price Per SF
$111.84 CAD
Cap Rate
7.35%
NOI
$599,699 CAD
Percent Leased
84%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.16
Lot Size
10.71 AC
Zoning
C-2 - General Commercial
Parking
364 Spaces (4.99 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 25-420-03-72-00-0-00-000 | Improvements Assessment | $460,706 CAD |
| Land Assessment | $1,014,285 CAD | Total Assessment | $1,474,991 CAD |
Property Taxes
Parcel Number
25-420-03-72-00-0-00-000
Land Assessment
$1,014,285 CAD
Improvements Assessment
$460,706 CAD
Total Assessment
$1,474,991 CAD
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Independence Corners | Independence, MO | 2110-2112 S M-291 Hwy
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