West Plaza Shopping Center | 500-700 W Jackson St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
West Plaza Shopping Center 500-700 W Jackson St
119,219 SF 100% Leased Retail Building Mexico, MO 65265 $4,499,692 ($38/SF) 10% Cap Rate
Investment Highlights
- Value Add Opportunity +/-35% Vacancy
- Below Replacement Cost +/-$37.73/sf
- Well Positioned in Heart of Mexico, MO Near Downtown
- Long Rental History For Major Tenants (DG 1970s, Ace 1970s, Cleeks 1990s, Hardee's 1990s)
- Low Average Rents ($6.32/sf)
- Located Off Signalized Intersection (Multiple Access Points)
Executive Summary
The West Plaza is a +/-119,291 sf Neighborhood Shopping Center located in the heart of Mexico, MO (County seat of Audrain County) just blocks from downtown and off the signalized intersection of S. Muldrow St. & W. Monroe St. The West Plaza is a true value add opportunity with +/-41,864 sf of retail/office space to lease as well as a +/-10,891 sf out lot that is ready to be developed, leased or sold. West Plaza is priced well below replacement cost at approximately $37.73/sf and has below market rents with an average of +/-$6.32/sf allowing for an investor to realize additional value through lease up, renewals and development of the vacant streetfront lot.
Long history of retail tenants such as Dollar General (1970's), Ace Hardware (1970's), Cleek's (1990), Hardee's (1991). NOI and Cap rate shown based on actual in-place income with +/-35% vacancy.
Long history of retail tenants such as Dollar General (1970's), Ace Hardware (1970's), Cleek's (1990), Hardee's (1991). NOI and Cap rate shown based on actual in-place income with +/-35% vacancy.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
119,219 SF
Building Class
B
Year Built/Renovated
1963/1988
Price
$4,499,692
Price Per SF
$38
Cap Rate
10%
NOI
$449,969
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.37
Lot Size
7.39 AC
Zoning
Commercial - Commercial
Parking
600 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
1,200 FT on Jackson
Amenities
- 24 Hour Access
- Banking
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Signage
- Signalized Intersection
- Kiosk/Cart Space
- Drive Thru
- Storage Space
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-7-26-2-011-003 | Improvements Assessment | $987,590 |
| Land Assessment | $80,000 | Total Assessment | $1,067,590 |
PROPERTY TAXES
Parcel Number
19-7-26-2-011-003
Land Assessment
$80,000
Improvements Assessment
$987,590
Total Assessment
$1,067,590
Learn More About Investing in Retail Properties
1 of 35
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
West Plaza Shopping Center | 500-700 W Jackson St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.