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2311 Redwood Ave 9,212 SF 100% Leased Office Building Independence, MO 64057 $2,395,000 ($259.99/SF) 9.04% Cap Rate
Investment Highlights
- Located at the corner of Redwood Avenue and East 23rd Street which has more than 20,000 vehicles per day
- Over 135,000 residents within a 5-mile radius with average household income over $75,000.00
- Surrounded by major retail areas with well known tenants such as 7 Brew Coffee, Jersey Mike's Subs, Chipotle, and Minsky's Pizza
- Easy access to Highway 291
- Located by other medical operators
- Minutes from Centerpoint Medical Center
Executive Summary
This highly visible center-lot site is strategically located in the heart of Independence at the corner of Redwood Avenue and East 23rd Street, with easy access to Hwy 291 and traffic counts exceeding 20,000 vehicles per day. The surrounding five-mile trade area boasts a tremendous population of more than 135,000 residents with above-average household incomes exceeding $75,000. Positioned near Centerpoint Medical Center and alongside established medical operators, the property is also surrounded by a strong retail corridor featuring shopping centers anchored by national tenants such as 7 Brew Coffee, Jersey Mike's Subs, Chipotle, and Minsky's Pizza—making this an exceptional location for visibility, accessibility, and sustained consumer traffic.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,212 SF
Building Class
B
Year Built/Renovated
1984/2021
Price
$2,395,000
Price Per SF
$259.99
Cap Rate
9.04%
NOI
$216,486
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,212 SF
Building FAR
0.13
Lot Size
1.63 AC
Zoning
C-P-2 - Commercial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Core Home Health
- Health Care and Social Assistance
- 5,008 SF
- -
- Triple Net
- Dec 2031
- Specialized Hospice, Llc
- Health Care and Social Assistance
- 4,204 SF
- -
- Triple Net
- Dec 2035
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Core Home Health | Health Care and Social Assistance | 5,008 SF | - | Triple Net | Dec 2031 | |
| Specialized Hospice, Llc | Health Care and Social Assistance | 4,204 SF | - | Triple Net | Dec 2035 |
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Property Taxes
| Parcel Number | 25-440-01-67-00-0-00-000 | Improvements Assessment | $278,339 |
| Land Assessment | $39,357 | Total Assessment | $317,696 |
Property Taxes
Parcel Number
25-440-01-67-00-0-00-000
Land Assessment
$39,357
Improvements Assessment
$278,339
Total Assessment
$317,696
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2311 Redwood Ave
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