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508 Independence Ave
Kennett, MO 63857
Cottonwood Plaza - Kennett, MO · Retail Property For Sale
Investment Highlights
- Offered at under $79 PSF, providing an excellent entry point for investors seeking yield in a stable Midwest retail market.
- The tenant roster combines national retailers such as Domino's and H&R Block with childcare users and local service providers.
- With a WALT of 3+ years, there is a clear opportunity to negotiate higher rent to meet the market or find new tenants to boost.
- The north building includes a 3,500 SF vacancy ready for leasing, offering upside through new occupancy to boost NOI.
- Currently 89% occupied with an NOI of $225,200 supported by long-term tenants and renewal options.
- UMOS (United Migrant Opportunity Services) provides workforce and community assistance programs in Missouri, creating a mission-driven occupancy.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 33,046 SF Cottonwood Plaza located at 502-630 Cottonwood Plaza in Kennett, MO. Offered at an attractive basis of just under $79 PSF, this value-add retail opportunity features a 3,500 SF vacant suite ready for lease, providing investors with immediate upside through increased occupancy and NOI growth in a well-established Midwest retail market.
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
44,000 SF
Building Class
C
Year Built
1999
Price
$3,658,200 CAD
Price Per SF
$83.14 CAD
Cap Rate
8.66%
NOI
$316,856 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
2.73 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
60 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
455’ on INDEPENDENCE AVE
Property Taxes
| Parcel Number | 12-09.0-31-003-06-002.000.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $526,640 CAD |
Property Taxes
Parcel Number
12-09.0-31-003-06-002.000.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$526,640 CAD
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