West Plaza

500-700 W. Jackson St. , Mexico, MO 65265

  • For Sale $4,499,692.2
  • Property Type Retail
  • Property Size 119,219 SF
  • Units 14
  • Lot Size 7.39 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 22, 2024
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.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. +/-41,864 sf of retail/office space available in the heart of Mexico, MO including a +/-28,644 sf box anchor. Additionally the property has a +/-10,891 sf pad site located on W. Monroe that could potentially be developed.

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Attachments

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

Contacts

broker

Zachary Harrell, CCIM

Scott F. Harrell & Associates

Location

Getting Around

  • Walk Score ®

    65/100 Somewhat Walkable
  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Mexico, MO
  • Zip Code 65265

Points of Interest

  • Shell

    0.14 miles

  • Break Time

    0.15 miles

  • Casey's General Store

    0.17 miles

  • MFA Oil

    0.33 miles

  • Express Mart

    0.92 miles

  • Brick City Buffet

    0.07 miles

  • Hardee's

    0.10 miles

  • Hill Top Cafe

    0.10 miles

  • Taco Bell

    0.11 miles

  • Pizza Hut

    0.13 miles

  • Domino's

    0.21 miles

  • Dagwood Jr

    0.27 miles

  • Cat's Kitchen

    0.66 miles

  • Dos Arcos

    0.71 miles

  • Sonic

    0.79 miles

  • Goody's

    0.08 miles

  • Mosers

    0.40 miles

  • ALDI

    1.74 miles

  • Walmart Supercenter

    3.56 miles

Frequently Asked Questions

How much does West Plaza cost?

The space currently listed for sale at West Plaza asks for $4,499,692.2.

What is the total square footage of West Plaza?

West Plaza totals 119,219 square feet.

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Contact Listing Broker

broker

Zachary Harrell, CCIM

Scott F. Harrell & Associates