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Cottonwood Plaza - Kennett, MO 508 Independence Ave 44,000 SF 89% Leased Retail Building Kennett, MO 63857 $2,600,000 ($59.09/SF) 8.66% Cap Rate
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
$2,600,000
Price Per SF
$59.09
Cap Rate
8.66%
NOI
$225,200
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Discount Mattress and Appliance
- Retailer
- 4,060 SF
- $11.82
- Mar 2029
- Domino's
- Accommodation and Food Services
- 2,500 SF
- $9.50
- Apr 2027
- Factory Connection
- Retailer
- 3,800 SF
- $7.37
- Feb 2031
- H&R Block
- Administrative and Support Services
- 1,400 SF
- $15.09
- Dec 2028
- House of Hair and Beauty
- Professional, Scientific, and Technical Services
- 1,500 SF
- $10.00
- Dec 2030
- Nice Nails
- Services
- 1,650 SF
- $10.91
- Oct 2028
- Spirited Childcare
- Educational Services
- 2,100 SF
- $10.00
- May 2030
- UMOS
- Administrative and Support Services
- 12,536 SF
- $9.57
- May 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Discount Mattress and Appliance | Retailer | 4,060 SF | $11.82 | Mar 2029 | ||
| Domino's | Accommodation and Food Services | 2,500 SF | $9.50 | Apr 2027 | ||
| Factory Connection | Retailer | 3,800 SF | $7.37 | Feb 2031 | ||
| H&R Block | Administrative and Support Services | 1,400 SF | $15.09 | Dec 2028 | ||
| House of Hair and Beauty | Professional, Scientific, and Technical Services | 1,500 SF | $10.00 | Dec 2030 | ||
| Nice Nails | Services | 1,650 SF | $10.91 | Oct 2028 | ||
| Spirited Childcare | Educational Services | 2,100 SF | $10.00 | May 2030 | ||
| UMOS | Administrative and Support Services | 12,536 SF | $9.57 | May 2031 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-09.0-31-003-06-002.000.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $374,300 |
Property Taxes
Parcel Number
12-09.0-31-003-06-002.000.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$374,300
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