Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Bootheel Plaza (“The Property”), – a 126,118 square-foot neighborhood shopping center, situated on 11.27 acres adjacent to Walmart Supercenter in Kennett Missouri. The Property is strategically positioned directly in front of a Walmart Supercenter with 2.2 million annual visits according to Placer AI. The property is anchored by leading national retailers Tractor Supply, Bealls Department Store, and Dollar Tree which perfectly service this blue-collar town. The property is 74% occupied providing a true value-add opportunity for investors. Leasing up the 6 vacant suites would increase the NOI to more than $950,000 and drive the value of the property north of $11,000,000. This would allow an investor to receive annual cash-on-cash returns of more than 20%, or an IRR on a three-year hold period of more than 45%. Offered for sale at just $65 per square foot, the Property is offered at a deep discount to comparable Walmart shadowed retail centers. Kennett is the most populated city and home to the only Walmart in the “Bootheel” of Missouri which is over 1,700 square miles. This creates a very large trade area for this property as all surrounding communities travel to centrally located Kennett for retail shopping. The property is offered free and clear of debt for $8,165,000.