West Plaza

Highlights:

• Value Add Opportunity with 35% vacancy
• Tenants with long rental history (DG 1970, Ace 1970's, Cleeks 1990, Hardee's 1991, etc.)
• Well Below Replacement Cost ($37.73/sf)
• Low Average Rents ($6.32/sf)
• Well Positioned in Heart of Mexico, MO Near Downtown
• Located Off Signalized Intersection (Multiple Access Points)
• County Seat of Audrain County

Description:

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.

Located in the heart of Mexico, MO West Plaza is an extremely well positioned neighborhood shopping center serving the core of Mexico, MO. West Plaza serves a population of +/-12,500 within 3 miles and has a 10 mile trade area of +/-17,000. The center sits just off the signalized intersection of S. Muldrow St. and W. Monroe St. and is surrounded by traffic generators such as; Walgreen's, Dollar General, Ace Hardware, The United State Postal Service, O'reilly Auto parts, Casey's, Taco Bell, Domino's, Shell gas station, Hardee's, Carquest, etc. and is just several blocks west of Downtown Mexico and the courthouse.

6 Spaces Available

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