Towne Center

9033 - 9067 E Highway 350, Raytown, MO 64133

  • For Sale $4,150,000
  • Property Type Retail
  • Property Size 37,482 SF
  • Units 8
  • Lot Size 2.76 Acre
  • Parking Spaces Avail. 122
  • Parking Ratio 3.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1975
  • Date Updated Feb 20, 2024
The property is located on the south side of high traffic corridor E MO-350 Highway. The 350 corridor is a primary linkage between Kansas City, Raytown and Lee's Summit, Missouri.Asking price reflects a 6.65% cap rate on actual NOI. Towne Center offers the opportunity to acquire a fully leased strip center located along a perennially well traveled highway thoroughfare linking robust suburban communities immediately south of Kansas City proper. Most of the existing tenants have been in the center for 10 years or more with an average of 16 years. There has been little vacancy since construction in 1975 and units that come available are retenanted withn 6 months. NOTE: The property does not include the adjoining inline center (9025-9027 E MO-350 Hwy) which is owned by an unrelated party.Towne Center offers the opportunity to locate along a high traffic highway thoroughfare linking robust suburban communities immediately south of Kansas City proper. All existing tenants have well established customer bases and spaces are rarely vacant.

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Highlights

  • 100% Occupancy
  • Capitalization Rate 7.18% (actual) / 6.65% (@95% occupancy)
  • 57.4% National Retailer Tenants: Dollar General, Rent-A-Center & Tires Plus
  • Tenant Longevity Averages 16 Years
  • Compelling Tenant Mix
  • 40,000+ Cars Per Day
  • Over 57,000 Residents within 3 Miles

Contacts

broker

Holly Mills, MAI, CCIM

Clemons Real Estate

(816) 774-4250

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable
  • Transit Score ®

    21/100 Minimal Transit
  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Raytown, MO
  • Neighborhood Raytown
  • Zip Code 64133
  • Market Kansas City

Points of Interest

  • Train and Tram Station

    2.93 miles

  • Independence

    6.80 miles

  • Lee's Summit

    7.79 miles

  • 22nd at Vine

    7.83 miles

  • Union Station

    8.47 miles

  • Kansas City Union Station

    8.60 miles

  • Crossroads

    8.72 miles

  • Kauffman Center

    8.93 miles

  • Power and Light

    9.06 miles

  • Metro Center

    9.21 miles

  • Conoco

    0.26 miles

  • QuikTrip

    1.01 miles

  • Shell

    1.13 miles

  • Sinclair

    2.21 miles

  • Phillips 66

    2.25 miles

  • QuikTrip

    2.84 miles

  • Phillips 66

    3.40 miles

  • Conoco

    3.61 miles

  • BP

    3.77 miles

  • Murphy USA

    3.91 miles

  • Rock Island Trail 59th Street Trailhead

    1.48 miles

  • Rock Island Trail Woodson Road Trailhead

    1.55 miles

  • Kansas City Baptist Temple Parking

    2.05 miles

  • First United Methodist Parking

    2.07 miles

  • Parking Lot L

    3.38 miles

  • Parking Lot D

    3.51 miles

  • Parking Lot C

    3.61 miles

  • Parking Lot B (General)

    3.62 miles

  • Parking Lot E

    3.62 miles

  • Parking Lot B (Reserved)

    3.69 miles

  • McDonald's

    0.18 miles

  • DQ Grill & Chill

    0.24 miles

  • China Town

    0.41 miles

  • Papa John's

    0.41 miles

  • IHOP

    0.91 miles

  • Eclipse Bar & Grill

    0.93 miles

  • Popeyes

    0.98 miles

  • Shanghai Express

    1.04 miles

  • Wendy's

    1.06 miles

  • Niecie's

    1.14 miles

  • Hy-Vee

    0.38 miles

  • Price Chopper

    1.16 miles

  • Walmart Supercenter

    1.21 miles

  • Save-A-Lot

    2.51 miles

  • Price Chopper

    3.56 miles

  • Walmart Supercenter

    3.86 miles

  • Burlington

    4.06 miles

  • SunFresh

    4.11 miles

  • Hy-Vee

    4.41 miles

  • ALDI

    4.55 miles

Frequently Asked Questions

What is the lease rate for Towne Center?

Rental asking rate at Towne Center is $2,075,000.00/YR.

What is the total square footage of Towne Center?

Towne Center totals 37,482 square feet.

When was this property built?

Towne Center was built in 1975.

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Contact Listing Broker

broker

Holly Mills, MAI, CCIM

Clemons Real Estate

(816) 774-4250