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Towne Center Shopping Center 9029-9067 E 350 Hwy
37,482 SF 100% Leased Retail Building Raytown, MO 64133 $4,150,000 ($111/SF) 7.15% Cap Rate
Investment Highlights
- 57.4% National Retailer Tenants: Dollar General, Rent-A-Center & Tires Plus
- Compelling Tenant Mix
- Over 57,000 Residents within 3 Miles
- Tenant Longevity Averages 16 Years
- 40,000+ Cars Per Day
Executive Summary
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$334,900
|
$8.93
|
| Other Income |
$108,334
|
$2.89
|
| Vacancy Loss |
$22,162
|
$0.59
|
| Effective Gross Income |
$421,072
|
$11.23
|
| Taxes |
$58,470
|
$1.56
|
| Operating Expenses |
$86,624
|
$2.31
|
| Total Expenses |
$145,094
|
$3.87
|
| Net Operating Income |
$275,978
|
$7.36
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $334,900 |
| Annual Per SF | $8.93 |
| Other Income | |
|---|---|
| Annual | $108,334 |
| Annual Per SF | $2.89 |
| Vacancy Loss | |
|---|---|
| Annual | $22,162 |
| Annual Per SF | $0.59 |
| Effective Gross Income | |
|---|---|
| Annual | $421,072 |
| Annual Per SF | $11.23 |
| Taxes | |
|---|---|
| Annual | $58,470 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | $86,624 |
| Annual Per SF | $2.31 |
| Total Expenses | |
|---|---|
| Annual | $145,094 |
| Annual Per SF | $3.87 |
| Net Operating Income | |
|---|---|
| Annual | $275,978 |
| Annual Per SF | $7.36 |
Property Facts
Amenities
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Ace Beauty Supply, Inc
- Retailer
- 3,200 SF
- $9.01
- Triple Net
- Sep 2026
- Boost Mobile
- Services
- 3,000 SF
- $8.92
- Triple Net
- -
- Discount Smoke & Liquor
- Retailer
- 3,000 SF
- $7.26
- Triple Net
- Feb 2015
- Dollar General
- Retailer
- 8,000 SF
- $7.92
- Triple Net
- Dec 2027
- Los Compas
- Accommodation and Food Services
- 3,750 SF
- $9.88
- Triple Net
- Dec 2029
-
- Rental and Leasing Services
- 5,700 SF
- $7.43
- Triple Net
- Feb 2026
Rent-A-Center is a rent-to-own industry leader with a mission to improve the quality of life for their customers. They understand that making decisions about big items like furniture, appliances, and electronics is a big deal, which is why they offer the Rent-A-Center Worry-Free Guarantee: They give people the name-brand items they want, like Ashley Furniture, Whirlpool appliances and Samsung electronics, at a payment they can afford with the option to own it when they are ready. Plus, they offer six months same as cash, an early purchase discount, competitor price match and free same-day delivery.
- Sunny Laundromat
- Services
- 3,000 SF
- $7.00
- Triple Net
- Jan 2026
- Team Tires
- Services
- 7,832 SF
- $11.97
- Triple Net
- Dec 2028
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Ace Beauty Supply, Inc | Retailer | 3,200 SF | $9.01 | Triple Net | Sep 2026 | |
| Boost Mobile | Services | 3,000 SF | $8.92 | Triple Net | - | |
| Discount Smoke & Liquor | Retailer | 3,000 SF | $7.26 | Triple Net | Feb 2015 | |
| Dollar General | Retailer | 8,000 SF | $7.92 | Triple Net | Dec 2027 | |
| Los Compas | Accommodation and Food Services | 3,750 SF | $9.88 | Triple Net | Dec 2029 | |
|
|
Rental and Leasing Services | 5,700 SF | $7.43 | Triple Net | Feb 2026 | |
| Sunny Laundromat | Services | 3,000 SF | $7.00 | Triple Net | Jan 2026 | |
| Team Tires | Services | 7,832 SF | $11.97 | Triple Net | Dec 2028 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $815,040 (2024) | |
| Land Assessment | $406,656 (2024) | Annual Taxes | $58,470 ($1.56/SF) |
| Improvements Assessment | $408,384 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Presented by
Towne Center Shopping Center | 9029-9067 E 350 Hwy
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