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JLL is pleased to present the opportunity to acquire Truman’s Marketplace (the “Property”), an 309,130 square-foot, 98% leased grocery-anchored power center located 1 mile North of Grandview’s historic Main Street. The Property offers stable cash flow with a robust national tenant roster, near-term value creation through mark-to-market opportunities, and the ability to sell two free-standing pad sites at accretive cap rates. Ideally situated between the affluent residential neighborhoods of Overland Park and Lee Summit, Truman’s Marketplace represents a compelling investment, offering investors the unique opportunity to acquire a core quality asset with durable cash flows. Frontage on Interstate 49 and U.S. Route 71, providing ease of access, convenience, and superior visibility. Upon completion, Interstate 49 will connect Louisiana, Arkansas, and Missouri.
- 309,130 Square Feet
- 98% Leased with a Weighted Average Lease Term of 5.3 Years
- Strong Tenure of 8 Years
- 3.50 / 1,000 SF Parking Ratio
- Occupied by: Price Chopper, Burlington Coat Factory, Petco, Ross, Dollar Tree, Citi Trends