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NNN,Service-Oriented Ctr|Recent Renewals 6403-6479 N Prospect Ave 11,558 SF 100% Leased Retail Building Gladstone, MO 64119 $3,747,280 CAD ($324.22 CAD/SF) 7.75% Cap Rate
Investment Highlights
- 100% Occupied, NNN Retail Center with Desirable Service Oriented Tenants, Shadowed by Highly Rated North Kansas City School District
- Recent Capital Improvements: Roof Completely Replaced in 2024 with Warranty Through 2044 and Close to $100k in Storefront Concrete Replacement
- Recent Renewals and Brand-New Leases: Athletico Physical Therapy (5-Yr Renewal/600+ Locations)& Regional Finance (5-Yr Renewal/350+ Locations)
- Strong Demographics: Approx. 165k People Within 5 Mile Radius & Average Household Incomes of $102k
- Second Largest Metro Area in the State of Missouri and Positioned to Serve Commuters from Surrounding Suburbs and Nearby Schools
- Just 3 Miles from Oak Park High School: Over 1,600 Students and Faculty Combined, was Named a 2018 National Model High School
Executive Summary
*15 Miles from the State-of-the-Art, Kansas City International Airport (MCI), which Opened in February, 2023, and is the Largest Single Infrastructure Project in Kansas City's History ($1.5 Billion Cost)
*Easy Access to Larger Kansas City Regional Consumer Base (Approx. 8 Miles, 2.2 Million Residents), as well as Being Located within the Heart of Gladstone, Surrounded by Many Rooftops & Apartment Complexes, Providing Stable Daytime Traffic
*Significant Employment Base Being Positioned Near Kansas City Metro Area: University of Missouri-Kansas City (Approx. 17,800 Students and Faculty Combined), Children’s Mercy Hospital (Approx. 8,000+ Employees), North Kansas City Hospital (Approx. 5,000 Employees), Oracle Health (Approx. 6,400 Employees), among Several Others
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Health Care and Social Assistance
- 2,520 SF
- -
- Dec 2030
For more than 30 years they have been helping remove pain and discomfort from people’s lives. Their patients trust in their expertise, which is why would recommend them to a friend – because they were able to help make their lives better. – Athletico Physical Therapy, Better for Every Body They started with one therapist trying to make a difference in his community. Their Founder and Executive Chairman, Mark Kaufman was a physical therapist and athletic trainer with a vision to help as many people as possible. He started by providing rehabilitation services for student athletes at various organizations, with his first two being Francis W. Parker High School and Chicago Lions Rugby.
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- Finance and Insurance
- 2,000 SF
- -
- Aug 2031
Regional Finance operates a consumer-lending branch in Greer, South Carolina, serving individuals seeking personal and installment loan products, including options for customers with limited or non-traditional credit histories. The Greer branch is part of Regional Finance’s larger nationwide footprint of 350+ neighborhood locations, designed to provide face-to-face service within suburban and small-city retail corridors. Operations are supported by Regional Management Corp., the publicly traded parent company (NYSE:RM), which relocated its corporate headquarters to Greer, SC in 2016. While the Greer office profiled here functions strictly as a retail lending branch, it benefits from centralized compliance, underwriting, and servicing features managed at the regional and corporate levels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | 2,520 SF | - | Dec 2030 | ||
|
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Finance and Insurance | 2,000 SF | - | Aug 2031 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-417-00-18-009-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $597,332 CAD |
Property Taxes
Presented by
NNN,Service-Oriented Ctr|Recent Renewals | 6403-6479 N Prospect Ave
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