Investment Overview

Marcus & Millichap is pleased to present the King Hill Plaza located at 7014 King Hill Avenue in St. Joseph, Missouri. The subject property was built in 1974 on approximately 10-acres of land comprising of two buildings totaling 75,000 square-feet of rentable space. King Hill Plaza is currently 96% occupied and anchored by Green Hills Grocery and Dragoo Metal. Green Hills grocery is a family owned and operated grocer since 1950 with two locations that serve the greater St. Joseph area. Dragoo Metals has been a leader in the sheet metal trade industry for over 30 years in St. Joseph and have been recently acquired by the Waldinger Corporation that have a strong regional presence (14 locations). Multiple local shops and businesses occupy the remaining 10,000 square-feet of the shopping center at below market rent, providing a strong value-add component to the investment opportunity. King Hill Plaza is less than seven miles from the city’s largest economic drivers – Triumph Foods, Mosaic Life Care Hospital, Boehringer Ingelheim, and Missouri Western State University (Since 2012 MWSU has hosted annual training camp for the 2023 World Champions Kansas City Chiefs). St. Joseph is a city that has started to capture national and global attention for success in multiple industries including skilled manufacturing, agricultural sciences and health care. St. Joseph was recognized as one of the "Best Cities for Job Growth" from New Geography which demonstrates the city's commitment to a successful business climate. Located just 35 minutes from Kansas City International Airport via I-29 and I-435, providing easy access to the Kansas City metro.