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Shopping Neighborhood

Copperleaf Village

727 NW Highway, Blue Springs, MO 64015

Listing Price: $6,412,000

Cap Rate
7.50%
Gross SF
33,478
Rentable SF
33,478
Price/Gross SF
$191.53
Lot Size
5.56 acres
Year Built
1973

Investment Overview

Marcus & Millichap is pleased to present Copperleaf Village, a 33,478 square-foot neighborhood retail center in Blue Springs, Missouri. The subject property was built in 1973, extensively renovated in 2006 and is situated on 5.64 acres, which includes two ready-to-develop Pad Sites. Copperleaf is currently 81% occupied by a strong mixture of national, regional, and local tenants, and includes 15 spaces, averaging 2,232square feet. The tenant base is extremely befitting of the area, and encompasses diversified, ecommerce-proof businesses such as Medical, Food Convenience, Fitness and Insurance. Prominent tenants at Copperleaf Village include HCA Midwest Health Clinic, Firehouse Subs, Quest Diagnostics, Vapor World, Blue Springs Chiropractic, Hotworx, Marcos Pizza, Hello Dentistry, Thailand Restaurant and Allstate Insurance. HCA Midwest Health Clinic is the sites largest tenant, occupying 8,268 square-feet, which sums to 24.7% of GLA and 30.57% of base-rent. HCA Midwest Health Clinic is part of the HCA Midwest Health network, which is a Kansas City’s largest healthcare provider with over 150 locations, including 8 hospitals, 11 emergency rooms, 85 doctors’ offices, 9 urgent care centers, 7 surgery centers, and 2,000 physicians. The sites second largest tenant is Blue Springs Chiropractic, who occupies 4,000 SF, and signed an initial long-term lease which runs into 2028. The sites newest tenant is Marco’s Pizza, who signed an initial 5-year lease which will run through December 2027. The remainder of the tenant base has staggered leases, with healthy rental bumps in options and a strong track record of success. All tenants are encumbered with triple-net leases which reimburses majority of Tax, CAM, Insurance expenses and management fees. The flourishing tenant base is a byproduct of the site’s strong location and Class-A infrastructure. Copperleaf Village is located at the hard corner of NW State Route 7 & Maize Rd, two major throughways which combine to see over 38,000 vehicles per day. The subject property is also 0.2 miles from the I-79 which has immediate access and exit and sees over 106,202 vehicles per day. The subject property is situated in the dense residential district of Blue Springs, a prominent suburb of Kansas City. Surrounding Blue Springs are an abundance of master-planned communities and affluent neighborhoods. Immediate demographics in the surrounding area are dense, affluent and growing, with population counts of 10,231 within 1-mile, 58,104 within 3-miles, and 90,692 within 5-miles. Population counts within a 3-mile & 5-mile radii have grown 27% and 40% since 2000, and the average household incomes far exceeds the national average at $92,955 & $98,347 respectively. Major points of interest nearby include Walmart, Home Depot, Target, TJ Maxx, Hobby Lobby, Hy-Vee, Price Chopper, Ross, Starbucks, McDonalds, Wendy’s, Applebee’s, Chick Fil-A, Chipotle, Jimmy John’s, and St. Mary’s Medical Center, which has 146-beds. The city of Blue Springs is located in the Kansas City MSA, which is the 31st largest MSA in the United States and has a total population of 2.16m. Blue Springs is situated 20-miles east of Downtown Kansas City, and is one of the outskirt towns which still has ample developable land surrounding it, prime for residential expansion. Blue Springs is the 10th largest city in the state of Missouri and was founded in 1845.

Investment Highlights

  • 81% Occupied 33,478 Square Foot Neighborhood Center in Blue Springs, Missouri (Kansas City MSA – Over 2.16m People)
  • Built in 1973 & Renovated in 2006 | Situated on 5.64 Acres | Includes Two Ready-to-Develop Pad Sites
  • Strong Mixture of Diversified, Ecommerce-Proof Tenants | National, Regional and Local Brands | Encompasses Medical, Food, Convenience, Fitness, and Insurance
  • Major Tenants Include: HCA Midwest Health Clinic, Firehouse Subs, Quest Diagnostics, Vapor World, Blue Springs Chiropractic, Hotworx, Marcos Pizza, Hello Dentistry, Thailand Restaurant and Allstate Insurance
  • Anchored by HCA Midwest Health Clinic | Part of the HCA Midwest Health Network, which is a Kansas City's Largest Healthcare Provider with Over 150 Locations, Including 8 Hospitals, 11 Emergency Rooms, 85 Doctors' Offices, 9 Urgent Care Centers, 7 Surgery Centers, and 2,000 Physician
  • Favorable NNN Lease Structures | Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants
  • Dense & Affluent Demographics | Population Counts of 10,231 within 1-Mile, 58,104 within 3-Miles, and 90,692 within 5-Miles | Average Household Income In Excess of $98,347.
  • Blue Springs is Part of Kansas City MSA with Population Count Over 2.16m | Only 20-Min From Downtown Kansas City | Blue Springs is the 10th Largest City in State of Missouri

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Shopping Neighborhood

Copperleaf Village

Listing Price: $6,412,000

Cap Rate
7.50%
Gross SF
33,478
Rentable SF
33,478
Price/Gross SF
$191.53
Lot Size
5.56 acres
Year Built
1973

Investment Highlights

  • 81% Occupied 33,478 Square Foot Neighborhood Center in Blue Springs, Missouri (Kansas City MSA – Over 2.16m People)
  • Built in 1973 & Renovated in 2006 | Situated on 5.64 Acres | Includes Two Ready-to-Develop Pad Sites
  • Strong Mixture of Diversified, Ecommerce-Proof Tenants | National, Regional and Local Brands | Encompasses Medical, Food, Convenience, Fitness, and Insurance
  • Major Tenants Include: HCA Midwest Health Clinic, Firehouse Subs, Quest Diagnostics, Vapor World, Blue Springs Chiropractic, Hotworx, Marcos Pizza, Hello Dentistry, Thailand Restaurant and Allstate Insurance
  • Anchored by HCA Midwest Health Clinic | Part of the HCA Midwest Health Network, which is a Kansas City's Largest Healthcare Provider with Over 150 Locations, Including 8 Hospitals, 11 Emergency Rooms, 85 Doctors' Offices, 9 Urgent Care Centers, 7 Surgery Centers, and 2,000 Physician
  • Favorable NNN Lease Structures | Recapture of Tax, CAM, Insurance Expenses | 3rd Party Management Fees Reimbursed by Tenants
  • Dense & Affluent Demographics | Population Counts of 10,231 within 1-Mile, 58,104 within 3-Miles, and 90,692 within 5-Miles | Average Household Income In Excess of $98,347.
  • Blue Springs is Part of Kansas City MSA with Population Count Over 2.16m | Only 20-Min From Downtown Kansas City | Blue Springs is the 10th Largest City in State of Missouri

Investment Overview

Marcus & Millichap is pleased to present Copperleaf Village, a 33,478 square-foot neighborhood retail center in Blue Springs, Missouri. The subject property was built in 1973, extensively renovated in 2006 and is situated on 5.64 acres, which includes two ready-to-develop Pad Sites. Copperleaf is currently 81% occupied by a strong mixture of national, regional, and local tenants, and includes 15 spaces, averaging 2,232square feet. The tenant base is extremely befitting of the area, and encompasses diversified, ecommerce-proof businesses such as Medical, Food Convenience, Fitness and Insurance. Prominent tenants at Copperleaf Village include HCA Midwest Health Clinic, Firehouse Subs, Quest Diagnostics, Vapor World, Blue Springs Chiropractic, Hotworx, Marcos Pizza, Hello Dentistry, Thailand Restaurant and Allstate Insurance. HCA Midwest Health Clinic is the sites largest tenant, occupying 8,268 square-feet, which sums to 24.7% of GLA and 30.57% of base-rent. HCA Midwest Health Clinic is part of the HCA Midwest Health network, which is a Kansas City’s largest healthcare provider with over 150 locations, including 8 hospitals, 11 emergency rooms, 85 doctors’ offices, 9 urgent care centers, 7 surgery centers, and 2,000 physicians. The sites second largest tenant is Blue Springs Chiropractic, who occupies 4,000 SF, and signed an initial long-term lease which runs into 2028. The sites newest tenant is Marco’s Pizza, who signed an initial 5-year lease which will run through December 2027. The remainder of the tenant base has staggered leases, with healthy rental bumps in options and a strong track record of success. All tenants are encumbered with triple-net leases which reimburses majority of Tax, CAM, Insurance expenses and management fees. The flourishing tenant base is a byproduct of the site’s strong location and Class-A infrastructure. Copperleaf Village is located at the hard corner of NW State Route 7 & Maize Rd, two major throughways which combine to see over 38,000 vehicles per day. The subject property is also 0.2 miles from the I-79 which has immediate access and exit and sees over 106,202 vehicles per day. The subject property is situated in the dense residential district of Blue Springs, a prominent suburb of Kansas City. Surrounding Blue Springs are an abundance of master-planned communities and affluent neighborhoods. Immediate demographics in the surrounding area are dense, affluent and growing, with population counts of 10,231 within 1-mile, 58,104 within 3-miles, and 90,692 within 5-miles. Population counts within a 3-mile & 5-mile radii have grown 27% and 40% since 2000, and the average household incomes far exceeds the national average at $92,955 & $98,347 respectively. Major points of interest nearby include Walmart, Home Depot, Target, TJ Maxx, Hobby Lobby, Hy-Vee, Price Chopper, Ross, Starbucks, McDonalds, Wendy’s, Applebee’s, Chick Fil-A, Chipotle, Jimmy John’s, and St. Mary’s Medical Center, which has 146-beds. The city of Blue Springs is located in the Kansas City MSA, which is the 31st largest MSA in the United States and has a total population of 2.16m. Blue Springs is situated 20-miles east of Downtown Kansas City, and is one of the outskirt towns which still has ample developable land surrounding it, prime for residential expansion. Blue Springs is the 10th largest city in the state of Missouri and was founded in 1845.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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