Southtown Shopping Center 506 S Washington St 39,504 SF 100% Leased Retail Building Chillicothe, MO 64601 $4,391,936 CAD ($111.18 CAD/SF) 8.65% Cap Rate

Southtown Shopping Center represents a fully occupied retail investment positioned along the main commercial corridor in Chillicothe, Missouri. Anchored by established national brands such as Dollar Tree, NAPA Auto Parts, and Maurices, this center benefits from long-term tenant stability and diverse supporting retailers. The offering features an attractive tenant mix serving everyday needs for the surrounding community, generating strong and consistent customer traffic.
Located on South Washington Street with direct exposure to approximately 12,000–14,000 vehicles per day, the center is easily accessible and visible. The property is strategically positioned near the intersection of Highways 36 and 65, offering regional connectivity and proximity to major retailers including Walmart, Lowe’s, and Hy-Vee. Recent renovations modernize the asset while adding value for long-term performance, complementing the competitive retail environment and solid consumer base.
Chillicothe serves as the county seat and a critical retail hub for Livingston County, drawing shoppers from a wide catchment area. This offering combines a proven income stream with a location that benefits from high household incomes and steady population trends. With an in-place NOI of $276,701 and a cap rate of 8.65%, this property delivers a compelling, value-driven opportunity for retail investors seeking stability and future upside.