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Shopping Strip

The Cedars | Walmart Shadowed

1705 E Ohio St, Clinton, MO 64735

Listing Price: $2,300,000

Cap Rate
7.50%
Gross SF
21,727
Rentable SF
21,727
Price/Gross SF
$105.86
Lot Size
2.12 acres
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to present The Cedars, a 21,727 square-foot shopping center located in Clinton, Missouri. Built in 1985, this asset is situated on 2.1 acres and is shadow by the only Walmart servicing a 42-mile radius. The subject property is currently 84 percent occupied by a strong mixture of service-based/e-commerce proof tenant mix. National and Regional tenants make up 58 percent of the centers GLA, and includes Shoe Sensation, Advanced America, KC Kidney, Papa Murphy’s, ResCare, and Vapor World. Local tenants include Hot Nails and Smith’s Restaurant. Shoe Sensation, the centers largest tenant, has a lease which runs through 2023 and takes up 25 percent of the centers GLA. Shoe Sensation also makes up 27 percent of the center’s rental income. Smith’s Restaurant is the centers second largest tenant, occupying 17 percent of GLA. Smith’s has been in business since 1966 and expanded to this site in 2005. Investors may take advantage of this acquisition opportunity to enhance their multi-tenant retail portfolio’s by adding quality, diversified tenants in the area’s only retail corridor. The Cedars is located in Clinton’s main retail corridor, and directly off Hwy 7 and Ohio Street, which is the regions busiest intersection, seeing over 27,442 vehicles per day. With irreplaceable real estate, this asset is situated as an outparcel to the only Walmart within in a 42-mile radius and is strategically accompanied by quality tenants such as McDonald’s, Wendy’s, Phillips 66, CVS and Subway. The subject property also benefits from high exposure and ease of access, sharing an intersection with the adjacent shopping center which includes Walmart, Burkes Outlet, Dollar Tree, Ace Hardware, Tractor Supply and Hibbett Sports. Other retailers in the vicinity include Price Cutters, Walgreens, Taco Bell, and T-Mobile. Immediate demographics are stable & mature with population counts of 2,177 within one-mile, 9,826 within three-miles and 10,655 within five-miles. Average household income far exceeds the national average, at $62,160. Clinton is located in eastern Missouri and is only an 1.5 hours south-east of Kansas City.

Investment Highlights

  • 84 Percent Occupied 21,727 Square-Foot Shopping Center Located in Clinton, Missouri
  • Shadow by Only Walmart within a 42-Mile Radius | Over 138,000 Monthly Visitors which Ranks Above Average in the Nation per Placer.Ai
  • Complimentary Tenant Mix | Mixture of National, Regional and Local Brands | E-Commerce Proof "Daily Needs" Tenants Encompassing Food, Discount Apparel, Finance, Nail Salon, & Medical
  • Major Tenants Include: Shoe Sensation, Smith's Restaurant, Vapor World, Advance America, Papa Murphy's, and KC Kidney
  • Cheap Average Rent Equivalent to $10.35 per Square-Foot Triple-Net (NNN) | Actual Average Rent = $13.3 per Square-Foot Gross | Ability to Modify Lease Structures Over Time
  • Extremely Limited Small Shop Opportunities in the Area | The Cedars is the Main Small Shop Center For all of Clinton | Upcoming Lease Renewals Prove to be Legitimate Upside Source via Opportunity to Increase Rents
  • Situated Directly Off Hwy 7 and Ohio Street | Clinton's Busiest Intersection which Sees Over 27,442 Vehicles per Day
  • Nearby retailers include Walmart, Tractor Supply, Burkes Outlet, Dollar Tree, Westlake Ace Hardware, CVS, Walgreens, O'Reilly Auto Parts, T-Mobile, McDonalds, Subway, Taco Bell and Wendy's

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Shopping Strip

The Cedars | Walmart Shadowed

Listing Price: $2,300,000

Cap Rate
7.50%
Gross SF
21,727
Rentable SF
21,727
Price/Gross SF
$105.86
Lot Size
2.12 acres
Year Built
1985

Investment Highlights

  • 84 Percent Occupied 21,727 Square-Foot Shopping Center Located in Clinton, Missouri
  • Shadow by Only Walmart within a 42-Mile Radius | Over 138,000 Monthly Visitors which Ranks Above Average in the Nation per Placer.Ai
  • Complimentary Tenant Mix | Mixture of National, Regional and Local Brands | E-Commerce Proof "Daily Needs" Tenants Encompassing Food, Discount Apparel, Finance, Nail Salon, & Medical
  • Major Tenants Include: Shoe Sensation, Smith's Restaurant, Vapor World, Advance America, Papa Murphy's, and KC Kidney
  • Cheap Average Rent Equivalent to $10.35 per Square-Foot Triple-Net (NNN) | Actual Average Rent = $13.3 per Square-Foot Gross | Ability to Modify Lease Structures Over Time
  • Extremely Limited Small Shop Opportunities in the Area | The Cedars is the Main Small Shop Center For all of Clinton | Upcoming Lease Renewals Prove to be Legitimate Upside Source via Opportunity to Increase Rents
  • Situated Directly Off Hwy 7 and Ohio Street | Clinton's Busiest Intersection which Sees Over 27,442 Vehicles per Day
  • Nearby retailers include Walmart, Tractor Supply, Burkes Outlet, Dollar Tree, Westlake Ace Hardware, CVS, Walgreens, O'Reilly Auto Parts, T-Mobile, McDonalds, Subway, Taco Bell and Wendy's

Investment Overview

Marcus & Millichap is pleased to present The Cedars, a 21,727 square-foot shopping center located in Clinton, Missouri. Built in 1985, this asset is situated on 2.1 acres and is shadow by the only Walmart servicing a 42-mile radius. The subject property is currently 84 percent occupied by a strong mixture of service-based/e-commerce proof tenant mix. National and Regional tenants make up 58 percent of the centers GLA, and includes Shoe Sensation, Advanced America, KC Kidney, Papa Murphy’s, ResCare, and Vapor World. Local tenants include Hot Nails and Smith’s Restaurant. Shoe Sensation, the centers largest tenant, has a lease which runs through 2023 and takes up 25 percent of the centers GLA. Shoe Sensation also makes up 27 percent of the center’s rental income. Smith’s Restaurant is the centers second largest tenant, occupying 17 percent of GLA. Smith’s has been in business since 1966 and expanded to this site in 2005. Investors may take advantage of this acquisition opportunity to enhance their multi-tenant retail portfolio’s by adding quality, diversified tenants in the area’s only retail corridor. The Cedars is located in Clinton’s main retail corridor, and directly off Hwy 7 and Ohio Street, which is the regions busiest intersection, seeing over 27,442 vehicles per day. With irreplaceable real estate, this asset is situated as an outparcel to the only Walmart within in a 42-mile radius and is strategically accompanied by quality tenants such as McDonald’s, Wendy’s, Phillips 66, CVS and Subway. The subject property also benefits from high exposure and ease of access, sharing an intersection with the adjacent shopping center which includes Walmart, Burkes Outlet, Dollar Tree, Ace Hardware, Tractor Supply and Hibbett Sports. Other retailers in the vicinity include Price Cutters, Walgreens, Taco Bell, and T-Mobile. Immediate demographics are stable & mature with population counts of 2,177 within one-mile, 9,826 within three-miles and 10,655 within five-miles. Average household income far exceeds the national average, at $62,160. Clinton is located in eastern Missouri and is only an 1.5 hours south-east of Kansas City.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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