Kohl's

914 East North Avenue, Belton, MO 64012

$9,800,000

Cap Rate 6.85%

Views: 79 Updated: 03.26.24 Posted: 04.10.23 Status: Inactive

Summary

Price $9,800,000	Built/Renov 2004	Tenant Kohl's
Cap Rate 6.85%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 88,248	Lease Start 10-07-2004	#Units 1,170
Price/SF $111.05	Expiration 01-31-2032	Tenant Type Big Box Retail
NOI $671,110	R. Term 7.1	Ownership Fee Simple
Rent/SF $7.60	Increases 5.0%/5/yrs	Pop 5Mi 67,317
Lot/AC 10.70	Options 6/5yrs/5%	AHHI 5Mi $85,782

Lease Highlights

Kohl's has been operating in this location since 2004
Tenant has over 8.5 years remaining with 6 (5-year) options to extend
Lease features 5% rental increases in 2028 and options 1, 3 and 6
Extremely attractive 3.85% interest rate assumable financing that is fixed for 20 years
Absolute NNN with zero landlord responsibilities
Corporate guarantee by Kohl's Corporation (NYSE: KSS)

Location Description

This Kohl’s anchored shopping plaza is strategically located at the signalized, hard corner intersection of North Avenue (Missouri 58) and Towne Center Dive which sees over 30,500 vehicles passing daily. Located within a dense retail corridor, nearby major national tenants include Applebee’s, Jersey Mike’s, GNC, Famous Footwear, Price Chopper, HyVee, ALDI, Harbor Freight Tools, Starbucks,...

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Key Features

In location for years
Major thoroughfare
Dense retail corridor
Strategically located
Top 100 MSA
Affluent suburb location
Absolute NNN
Top performing store
Traded and rated company
Corporate Guarantee

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Links

Kohl's Wikipedia Kohl's Wikipedia Belton, Missouri Zip Code 64012 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Kohl's
Guarantor:Corp T and Rated
Company:Kohl's Corporation
# Units:1,170
Tenant S&P: BB
Moody’s: Baa2
Stock: NYSE: KSS

About Tenant

Kohl's Corporation, dba as Kohl’s (stylized in all caps) is an American department store retail chain that focuses on style and savings. Kohl’s carries brands from high-end...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,297	44,777	70,070
2023 Total Population :	6,875	42,683	68,175
2023 Employed Civilian Pop :	3,466	21,246	33,846
2023 Total Businesses :	424	987	1,530
2023 Average Household Income :	$ 84,451	$ 99,663	$ 101,154
2023 Total Consumer Spending :	$ 204 M	$ 1454 M	$ 2319 M
2023 Median Age :	35	37	38
2023 Total Households :	2,774	16,847	26,573
2023 Pop Age 25+: Bachelor's Degree :	769	5,587	9,317
2023 Average Home Value :	$ 169,014	$ 248,735	$ 268,974

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
E North Ave	Apple Valley Pkwy	2003	20,910	0.19 mi
E North Ave	S Mullen Rd	2019	31,477	0.26 mi
Mullen Rd	Larkspur Cir	2003	3,580	0.33 mi
S Outer Rd	S Mullen Rd	2019	31,893	0.36 mi
S Outer Rd	S Mullen Rd	2019	26,566	0.38 mi
State Hwy Y	S East Ave	2015	15,962	0.42 mi
S East Ave	Hwy Y	2016	13,082	0.46 mi
S Mullen Rd	Minnie Ave	2003	6,690	0.51 mi
State Hwy Y	Quick Trip Way	2003	14,690	0.52 mi
E 171st St	169th St	2014	28,996	0.52 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17497 Views
65 Sold

Bill Asher

Hanley Investment Group

Contact

151 Listings
17936 Views
63 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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