Cottonwood Plaza – Kennett, MO

502 Cottonwood Plaza, Kennett, MO, USA

Sands Investment Group is 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 $79 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 $79 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 Sands Investment Group Missouri, LLC – Lic. #2019044754 BoR: Tom Gorman – Lic. MO #2023012377

Price

$2,600,000

Cap Rate

8.66%

PREMISES

33,046 SF

YEAR BUILT

1999

RENEWAL OPTIONS

varies

RENTAL INCREASES

varies

List with SIG

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