Press Releases
Marcus & Millichap Arranges $7M Sale of 23-Suite Retail Property in Kennett, Missouri
March 18, 2026
KENNETT, Mo., March 18, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Bootheel Plaza, a 23-suite retail strip property in Kennett, Missouri, for $7 million.
Austin Sweet, Chris Garavaglia and Alex Perez, investment specialists in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Bootheel Plaza is situated on 11.27 acres at 1740 First St. Built in 1973, the 126,193-square-foot shopping center sits directly in front of a Walmart Supercenter, the area’s only Walmart, that draws more than 2.2 million visits annually. The center is anchored by Tractor Supply, Bealls and Dollar Tree and serves as a primary retail destination for the Missouri Bootheel region.
Austin Sweet, Chris Garavaglia and Alex Perez, investment specialists in Marcus & Millichap’s St. Louis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer, both private investors.
Bootheel Plaza is situated on 11.27 acres at 1740 First St. Built in 1973, the 126,193-square-foot shopping center sits directly in front of a Walmart Supercenter, the area’s only Walmart, that draws more than 2.2 million visits annually. The center is anchored by Tractor Supply, Bealls and Dollar Tree and serves as a primary retail destination for the Missouri Bootheel region.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
