1703-1745 E Ohio St
Clinton, MO 64735
The Cedars | Walmrt-Shadow | 8% CAP | $118/SF · Retail Property For Sale

Marcus & Millichap on behalf of ownership is pleased to present, The Cedars, a 21,920 square-foot shopping center located in Clinton, Missouri. Built 1985, the subject property has remained one of Clintons main retail destinations and has maintained high occupancy and a strong, service-based tenant mix. The subject property is currently 96% occupied and includes a variety of national, regional and local tenants. National and Regional tenants make up 68% of the centers GLA, and includes Shoe Sensation, Advanced America, Cricket Wireless, Papa Murphy’s, ResCare, Vapor World, Security Finance and Farmers Insurance. Local Tenants include Hot Nails and Smith’s Restaurant. Shoe Sensation, the centers largest tenant, has a lease which runs into 2022 and takes up 25% of the centers GLA. Shoe Sensation also makes up 27% of the center’s rental income. Smith’s Restaurant is the centers second largest tenant, occupying 17% of GLA. Smith’s has been in business since 1966 and expanded to this site in 2005. Investors may take advantage of this acquisition opportunity to enhance their multi-tenant retail portfolio’s by adding quality, diversified tenants in the area’s only retail corridor. The Cedars is located in Clinton’s main retail corridor, directly off Hwy 7 and Ohio Street. This intersection is the areas busiest junction, seeing over 25,400 Vehicles per day. The subject property is strategically accompanied by quality outparcels tenants such as McDonald’s, Wendy’s, Phillips 66, CVS and Subway. This asset also benefits from high exposure and ease of access, sharing an intersection with the adjacent shopping center which includes Walmart, Gordmans, Dollar Tree, Ace Hardware, Tractor Supply and Hibbett Sports. Other retailers in the vicinity include Price Cutters, CVS, Walgreens, Taco Bell, and Verizon Wireless. Clinton is located in the eastern-central part of Missouri, an hour and a half south of Kansas City. Local demographics consist of 2,025 residents within 1-Mile, 9,220 within 3-Miles and 10,466 within 5-Miles. Average Household Income is well above the national average, at $75,201.