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Prospect Plaza 6403-6479 N Prospect Ave 11,558 SF 100% Leased Retail Building Gladstone, MO 64119 $2,736,000 ($236.72/SF) 7.75% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% Occupied, NNN Retail Center with Desirable Service Oriented Tenants, Shadowed by Highly Rated North Kansas City School District
  • Positioned on a Hard Corner Lot with Multiple Points of Ingress and Egress with High Combined Traffic Counts Totaling 30,000+ VPD
  • Signalized Entrance Off of North Prospect Avenue (Primary Arterial Road) with Direct Access to Missouri Routes 1 and 152, and North Oak Trafficway
  • Strong Demographics: Approx. 165k People Within 5 Mile Radius & Average Household Incomes of $102k
  • 15 Miles from the State-of-the-Art, Kansas City International Airport (MCI), which Opened in February, 2023
  • Recent Capital Improvements: Roof Completely Replaced in 2024 with Warranty Through 2044 and Close to $100k in Storefront Concrete Replacement

EXECUTIVE SUMMARY

-Recent Renewals and Brand-New Leases: Athletico Physical Therapy (5-Yr Renewal/600+ Locations), Regional Finance (5-Yr Renewal/350+ Locations), Laura's Paw Spa (New 10-Yr Lease) and Hunan Garden Restaurant (Over 5 Years of Term Remaining)
-Shadow Anchors North Kansas City Schools Early Education Center Serves Nearly 1,000 Preschool Students and The Professional Development Center has Hundreds of District Educators Attending Weekly Trainings, Providing Immense Foot Traffic to the Subject Center
-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

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,558 SF
Building Class
C
Year Built
1999
Price
$2,736,000
Price Per SF
$236.72
Cap Rate
7.75%
NOI
$212,161
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.92 AC
Parking
191 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
297’ on N Prospect Ave

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • 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.

  • Finance and Insurance
  • 2,000 SF
  • -
  • Aug 2031

They have been helping people get the money they need. They understand that everyone needs a little help now and then. They take the time to listen to needs so that they can help you find the personal loan that is right. Their goal is to help each customer find a loan that not only provides the money they need but also fits their budget. They offer fixed-rate, fixed-term personal loans that their customers use to pay down higher-interest debts, pay medical and household bills, buy new appliances and furniture, pay for special occasions like trips and weddings, get extra cash, and build and strengthen their credit history.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance 2,520 SF - Dec 2030
Finance and Insurance 2,000 SF - Aug 2031

NEARBY MAJOR RETAILERS

UMB Bank
Commerce Bank
Applebee's
U.S. Bank
9Round
Hy-Vee Pharmacy
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-417-00-18-009-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$436,130
  • Listing ID: 38745434

  • Date on Market: 12/11/2025

  • Last Updated:

  • Address: 6403-6479 N Prospect Ave, Gladstone, MO 64119

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