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Shopping Strip

Kirksville Centre

2400 N Baltimore St, Kirksville, MO 63501

Listing Price: $3,264,000

Cap Rate
7.75%
Gross SF
23,520
Rentable SF
23,520
Price/Gross SF
$138.78
Lot Size
5.30 acres
Year Built
2000

Investment Overview

Kirksville Centre is a 23,520-square-foot, multi-tenant retail center located in Kirksville, Missouri. The building is currently 100 percent leased, and all leases are triple-net. The center is anchored by Hibbett Sporting Goods and The Salvation Army, and tenant base is a complementary mix of national and local retailers including AeroCare Home Medical Equipment, Sun Loan Company, Kirksville Tobacco and Vape, and Rent-A-Center. Constructed in 2000, the center is situated on a 5.30-acre parcel with ample paved parking. Landlord has scheduled parking lot resurfacing that is tentatively set to be completed in September 2025.

Kirksville Centre is strategically located on North Baltimore Street just south of State Route 63. State Route is a north-south highway primarily in the Midwestern and Southern United States. Traffic counts in front of the property exceed 15,730 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than 2.4 million visitors annually, and near numerous other national retailers including Hobby Lobby, PetSmart, Shoe Sensation, Five Below, Old Navy, KFC, Wendy's, McDonald's, ALDI, The Home Depot, Menards, Dollar Tree, Verizon, Ollie's Bargain Outlet, Harbor Freight, Little Caesars Pizza, Tractor Supply and many more. Truman State University is in close proximity to the center, with a student enrollment exceeding 3,600 students and consistently ranking as one of the top five public schools in the Midwest for 28 consecutive years (source: U.S. News & World Report). The surrounding area has an average household income is $65,407 within three miles; $67,709 within five miles; and $68,339 within 10 miles.

Investment Highlights

  • 23,520-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter | Major Traffic Driver, Serving 2.4 Million Visitors Annually (Source: Placer.ai)
  • 100% Occupied | All Leases are Triple-Net | Strong Tenant Base Featuring 95% National Retailers
  • Anchored by Hibbett Sports and Rent-A-Center | Both have Occupied the Center Since Property Development, Showing Long-Term Commitment
  • Large 5.3-Acre Parcel that Includes a Pad Site for Future Upside Potential
  • Parking Lot is Scheduled to be Resurfaced (Anticipated to be Completed in September 2025)

Exclusively Listed By

Broker of Record

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Financing By

Shopping Strip

Kirksville Centre

Listing Price: $3,264,000

Cap Rate
7.75%
Gross SF
23,520
Rentable SF
23,520
Price/Gross SF
$138.78
Lot Size
5.30 acres
Year Built
2000

Investment Highlights

  • 23,520-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter | Major Traffic Driver, Serving 2.4 Million Visitors Annually (Source: Placer.ai)
  • 100% Occupied | All Leases are Triple-Net | Strong Tenant Base Featuring 95% National Retailers
  • Anchored by Hibbett Sports and Rent-A-Center | Both have Occupied the Center Since Property Development, Showing Long-Term Commitment
  • Large 5.3-Acre Parcel that Includes a Pad Site for Future Upside Potential
  • Parking Lot is Scheduled to be Resurfaced (Anticipated to be Completed in September 2025)

Investment Overview

Kirksville Centre is a 23,520-square-foot, multi-tenant retail center located in Kirksville, Missouri. The building is currently 100 percent leased, and all leases are triple-net. The center is anchored by Hibbett Sporting Goods and The Salvation Army, and tenant base is a complementary mix of national and local retailers including AeroCare Home Medical Equipment, Sun Loan Company, Kirksville Tobacco and Vape, and Rent-A-Center. Constructed in 2000, the center is situated on a 5.30-acre parcel with ample paved parking. Landlord has scheduled parking lot resurfacing that is tentatively set to be completed in September 2025. Kirksville Centre is strategically located on North Baltimore Street just south of State Route 63. State Route is a north-south highway primarily in the Midwestern and Southern United States. Traffic counts in front of the property exceed 15,730 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than 2.4 million visitors annually, and near numerous other national retailers including Hobby Lobby, PetSmart, Shoe Sensation, Five Below, Old Navy, KFC, Wendy's, McDonald's, ALDI, The Home Depot, Menards, Dollar Tree, Verizon, Ollie's Bargain Outlet, Harbor Freight, Little Caesars Pizza, Tractor Supply and many more. Truman State University is in close proximity to the center, with a student enrollment exceeding 3,600 students and consistently ranking as one of the top five public schools in the Midwest for 28 consecutive years (source: U.S. News & World Report). The surrounding area has an average household income is $65,407 within three miles; $67,709 within five miles; and $68,339 within 10 miles.

Exclusively Listed By

Broker of Record

  • David Saverin

    Senior Director Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

Financing By

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