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Chrisman Plaza S/C 405-523 E 24 Hwy

62,931 SF 97% Leased Retail Building Independence, MO 64050 £2,051,400 (£33/SF) 8% Net Initial Yield

Executive Summary

96% Occupied Neighborhood Shopping Center
Excellent “Upside”
New Roofs and Parking Lot in 2020
17,200 CPD on 24 Highway
Directly across from William Chrisman High School
Recent Renewals with multiple Tenants
FORMER DRY CLEANER SPACE IS BEING REMEDIATED. DO NOT INQUIRE IF YOUR BANK WILL NOT ALLOW YOU TO MOVE FORWARD WITHOUT AN NFA. SELLER IS CURRENTLY WORKING WITH AN ENVIRONMENTAL ENGINEER TO CLEAN UP AND THE PROCESS SHOULD BE COMPLETED IN EARLY 2026.

Attachments

Chrisman Sale 8.19
Chrisman Lease 6.23.21

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
62,931 SF
Building Class
C
Year Built
1967
Price
£2,051,400
Price Per SF
£33
Net Initial Yield
8%
NOI
£164,112
Percent Leased
97%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.16
Land Acres
9.00 AC
Parking
441 Spaces (5.66 Spaces per 1,000 SF Leased)

Amenities

  • Restaurant
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 501
  • 1,800 SF
  • Retail
  • In-Line
  • Now
Space Size Space Use Position Available
501 1,800 SF Retail In-Line Now

501

Size
1,800 SF
Space Use
Retail
Position
In-Line
Available
Now
1 of 1
(913) 362-1999

  • Listing ID: 14446202

  • Date on Market: 20/11/2018

  • Last Updated:

  • Address: 405-523 E 24 Hwy, Independence, MO 64050

The Retail Property at 405-523 E 24 Hwy, Independence, MO 64050 is currently available For Sale. Contact Rubenstein Real Estate Co., LC for more information.

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© 2024 CoStar Group

Chrisman Plaza S/C | 405-523 E 24 Hwy
(913) 362-1999 x

Chrisman Plaza S/C | 405-523 E 24 Hwy

1/2

Cullen Magariel

(913) 362-1999

(913) 362-1999

Dwight Medbery

(816) 695-5788

(816) 695-5788

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