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Classic Auction - Retail

Tractor Supply Anchored Retail - Value Add Upside

2210 S. M-291 Highway, Independence, MO 64057

Under Contract
This asset was part of the February 24th 2021 sale event and is currently under contract.

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 10.71 Acres
  • Year Built
  • 1985
  • Year Renovated
  • 2017
  • Parking Count
  • 360
  • Occupancy
  • 79.78%
  • Occupancy as of
  • Jan 01, 2021
  • Retail Type
  • Community Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Tractor Supply & American Freight Furniture
  • Property Size
  • 72,956 Sq Ft

Independence Corners | Kansas City, MO MSA

Investment Highlights:

  • Tractor Supply, High Perfomance Credit Anchor - NASDAQ (TSCO); Market Cap - $12.38 Billion; 1,940 Locations 49 States
  • Tractor Supply Location -15 Yr’s + Operational History; Ranked #2 MO Store & Top 10% Nationally (per Placer.ai )
  • Covid-19 Resilient Center – No rent relief or deferral agreements needed due to Covid, all tenants current and operating
  • Rent Increases – Tractor Supply Co. & American Freight renewal options include 10% & 23% rent increases respectively.
  • Current Below Market Rent – American Freight rent nearly 50% below market
  • Upside Potential – Increase gross revenue through lease-up of vacancy & +/- 0.7 Acre Pad Site


The Offering:

CBRE, Inc. and RealINSIGHT Marketplace are pleased to offer for sale the 100% fee simple interest in Independence Corners, a 72,956 square foot community center situated on 10.71 acres located in Independence, Missouri, a suburb of Kansas City (the “Property”).  The Property is located less than 11-miles from Downtown Kansas City at the intersection of Highway M-291 & E 23rd St, which carry a combined 62,000 vehicles per day.

Currently 79.8% leased, the Property is anchored by Tractor Supply and American Freight Furniture and Mattress who’s discount oriented offerings are ideally suited for the demographics of the area. The offering provides the rare combination of stability of income and upside potential. The tenants possess strong credit profiles and operational history at the Property and upside potential through 14,760 square feet of vacant space available for lease-up.

Property Tours:

Property tours are available by request.  Please contact the CBRE team to schedule your tour.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Under Contract
This asset was part of the February 24th 2021 sale event and is currently under contract.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Gary D. Ryther

    c/o Fisher Auction Company Inc.

    License: 199018502