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Shopping Strip

Michael's & Office Depot | Target & Home Depot Anchored

8501-8531 N Evanston Ave, Kansas City, MO 64157

Listing Price: $5,565,000

Cap Rate
7.15%
Gross SF
41,011
Rentable SF
41,011
Price/Gross SF
$135.70
Lot Size
3.64 acres
Year Built
2001

Investment Overview

100% Occupied Two-Tenant 41,011-Square-Foot Shopping Center in Kansas City, Missouri (Over 2.34 Million People in MSA)

Investment Highlights

  • 100% Occupied Two-Tenant 41,011-Square-Foot Shopping Center in Kansas City, Missouri (Over 2.34 Million People in MSA)
  • Sandwiched Between Target, Home Depot and Kohl's – Part of Wilshire Plaza
  • New 10-Year Lease Extension with Michael's | Over Five Years Remaining on Office Depot Lease
  • Wilshire Plaza Sits Along NE Barry Road with Over 44,700 Vehicles Per Day | Located Directly Off Interstate-35 with Over 53,600 Vehicles Per Day
  • Affluent Demographics: Average Household Income in Excess of $109,000 (1-Mile)
  • Growing Population: Projected Population Growth of 9.0% Over the Next 5 Years within One-Mile Radius | 7.3% Growth Within Three-Miles
  • Exceptionally Low 1% Retail Vacancy in the Immediate Retail Corridor (Source: CoStar)
  • Both Michael's and Office Depot have been Occupants of the Center for 20+ Years (Since 2001)

Exclusively Listed By

Financing By

Shopping Strip

Michael's & Office Depot | Target & Home Depot Anchored

Listing Price: $5,565,000

Cap Rate
7.15%
Gross SF
41,011
Rentable SF
41,011
Price/Gross SF
$135.70
Lot Size
3.64 acres
Year Built
2001

Investment Highlights

  • 100% Occupied Two-Tenant 41,011-Square-Foot Shopping Center in Kansas City, Missouri (Over 2.34 Million People in MSA)
  • Sandwiched Between Target, Home Depot and Kohl's – Part of Wilshire Plaza
  • New 10-Year Lease Extension with Michael's | Over Five Years Remaining on Office Depot Lease
  • Wilshire Plaza Sits Along NE Barry Road with Over 44,700 Vehicles Per Day | Located Directly Off Interstate-35 with Over 53,600 Vehicles Per Day
  • Affluent Demographics: Average Household Income in Excess of $109,000 (1-Mile)
  • Growing Population: Projected Population Growth of 9.0% Over the Next 5 Years within One-Mile Radius | 7.3% Growth Within Three-Miles
  • Exceptionally Low 1% Retail Vacancy in the Immediate Retail Corridor (Source: CoStar)
  • Both Michael's and Office Depot have been Occupants of the Center for 20+ Years (Since 2001)

Investment Overview

100% Occupied Two-Tenant 41,011-Square-Foot Shopping Center in Kansas City, Missouri (Over 2.34 Million People in MSA)

Exclusively Listed By

Financing By

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