Cottonwood Plaza – Kennett, MO

502 Cottonwood Plaza, Kennett, MO, USA

We are 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 $76 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.

  • Attractive Pricing: Offered at under $76 PSF, providing an excellent entry point for investors seeking yield in a stable Midwest retail market.
  • Value-Add Potential: The north building includes a 3,500 SF vacancy ready for leasing, offering upside through new occupancy to boost NOI.
  • Diverse Tenant Mix: The tenant roster combines national retailers such as Domino’s and H&R Block with childcare users and local service providers to create a stable income stream.
  • High Occupancy and Stable Cash Flow: Currently 89% occupied with an NOI of $225,200 supported by long-term tenants and renewal options.
  • Near-Term Leasing Leverage: 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 net operating income.
  • Community Driven Anchor Tenant: UMOS (United Migrant Opportunity Services) provides workforce and community assistance programs in Missouri, creating a mission-driven occupancy profile through 2031 with 5, 5-year options to renew.
  • Parcel Description: Features 2 separate, stand-alone buildings on 1 parcel.

 

In Cooperation With ParaSell, Inc., A Licensed Missouri Broker – Lic. #2019035835 BoR: Scott Reid – Lic. MO #2019024102

Price

$2,502,000

Cap Rate

9.00%

PREMISES

33,046 SF

YEAR BUILT

1999

RENEWAL OPTIONS

varies

RENTAL INCREASES

varies

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch