Colliers Retail Capital Markets Team is pleased to present the opportunity to acquire Creekwood Commons an established grocery anchored neighborhood shopping center centrally located in North Kansas City, Missouri.
Creekwood Commons is 91% leased to a synergistic mix of essential retail, service and entertainment tenants. The Property has been anchored by a Hy-Vee supermarket since 2004 and includes a number of national and regional tenants such as Chipotle, H&R Block, Great Clips, Pet Supplies Plus, T-Mobile, Gamestop, Hallmark and The Rush Funplex, an indoor family entertainment tenant which opened in July 2021. There is also immediate upside in leasing up the 18,850 sq. ft. of vacant space.
Creekwood Commons is centrally located within an established residential community with significant barriers to entry. The Property has a prominent retail location at the heavily trafficked intersection of Englewood and Oak Trafficway, just northeast of the 169 and 29 freeway interchange, and is the only retail center at the immediate intersection.
Creekwood Commons is an excellent opportunity to acquire an essential grocery anchored retail property that provides stable cash flow with immediate upside in a desirable and densely populated location. The Property also benefits from CID sales tax revenue that covers a significant portion of the common area expenses and capital improvements.
