23rd Street Station II

Newmark Zimmer’s retail team proudly presents leasing opportunities at 23rd Street Station II, a prominent neighborhood center located at 2407-2421 S 291 Highway in Independence, Missouri. This 32,783-square-foot property sits along the east side of Highway 291. Originally constructed in 1987, the center underwent significant renovations in 2014. These updates included a new façade, a new parking lot, and a new detention pond. Additionally, the renovation project involved removing an outparcel building, which increased parking space and improved visibility.

Currently, 23rd Street Station II is 59% occupied, leaving 13,563 square feet of vacant space available for lease. This situation presents a tremendous opportunity for value-add investors. By acquiring the property, completing the lease-up, and increasing the net operating income, investors can enhance its value. The available spaces are competitively priced at $10.00 per square foot (NNN), making this an attractive leasing opportunity.

Moreover, the center benefits from its strategic location at the intersection of 23rd Street and Highway 291. This intersection will see further transformation with the addition of a new QuikTrip at the southwest corner, which will likely boost traffic and visibility. The property features 137 parking spaces and occupies a 5.50-acre site, accommodating 11 diverse stores. With approximately 53,000 cars passing by daily, the high-traffic area ensures excellent exposure and accessibility.

In summary, 23rd Street Station II combines a prime location, high traffic exposure, and modern updates, making it an ideal choice for retailers seeking prominence in a vibrant community. Additionally, the property’s potential for increased occupancy and value offers a compelling opportunity for investors.