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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 $2,736,000 ($236.72/SF) 7.75% Cap Rate
Investment Highlights
- Strong Demographics: Approx. 165k People Within 5 Mile Radius & Average Household Incomes of $102k
- Service-Oriented Retailers Ensures Recession-Resistant Performance
- Recent Capital Improvements: Roof Completely Replaced in 2024 with Warranty Through 2044 and Close to $100k in Storefront Concrete Replacement
- 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
- Second Largest Metro Area in the State of Missouri and Positioned to Serve Commuters from Surrounding Suburbs and Nearby Schools
Executive Summary
* 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
* Just 3 Miles from Oak Park High School: Over 1,600 Students and Faculty Combined, was Named a 2018 National Model High School and Participates in the Missouri A+ Schools Program, Providing Post-Secondary Scholarship Eligibility to Qualifying Graduates
* 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
* 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
* Just 3 Miles from Oak Park High School: Over 1,600 Students and Faculty Combined, was Named a 2018 National Model High School and Participates in the Missouri A+ Schools Program, Providing Post-Secondary Scholarship Eligibility to Qualifying Graduates
* 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
* 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
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
11,558 SF
Building Class
C
Year Built
2006
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
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-417-00-18-009-00 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $436,130 (2025) |
Property Taxes
Parcel Number
14-417-00-18-009-00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$436,130 (2025)
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NNN,Service-Oriented Ctr|Recent Renewals | 6403-6479 N Prospect Ave
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