Kirksville Commons – Kirksville, MO
Fortis Net Lease is pleased to present Kirkville Commons, a 100% occupied, Hobby Lobby anchored retail center located in Kirksville, MO. Kirkville Commons is comprised of 135,300 SF made up of national tenants Hobby Lobby, Petsmart, Marshalls, Shoe Sensation, Old Navy, Five Below, & Maurices. Hobby Lobby operates on a 15 yr. Double Net (NN) lease; Petsmart, Marshalls, Five Below Old Navy, & Maurices operate on 10 Yr. NN leases; and Shoe Sensation operates on a Double Net (NN) Lease and recently exercised their 1st 5 year option. In October 2021, Shoe Sensation added 3,300 SF to it’s existing 5,500 SF to create a new 8,800 SF space it currently operates in. Shoe Sensation has confirmed they will be extending into their option period & a recommitted to the site. Given the nature of the leases there are minimal landlord responsibilities, as the landlord is only responsible for the capital repair and replacement to the roof and structure, etc. All tenants are open and operating successfully with multiple options to renew. There is common truck dock in the rear of the center which is 1,620 SF.
Kirksville Commons is highly visible as it is strategically positioned on the corner of the main retail thoroughfare N. Baltimore St (15,658 ADTC) and State Highway 6 (4,307 ADTC). This shopping center benefits from being surrounded by nearby national retailers that include Walmart, Menards, Home Depot, Aldi, McDonalds, and more. The population within 5 miles is 24,147 and the average household income within 3 miles is $55,052. Kirksville is home to Truman State University, which has over 6,500 year round students. Expected consumer retail spending within 10 miles in excess of $247.7 Million.
INVESTMENT HIGHLIGHTS
• 2018 BTS Shopping Center | Recent 32,000 SF Expansion in 2022
• National Tenants, Equipped with Corporate Guarantees
• 2021 Shoe Sensation Expanded by Adding Additional 3,300 SF | Confirmation Received that Tenant will be Extending into Their Option Period
• Signalized Corner Location | Accessible From Both Streets
• Tenant Makeup: Hobby Lobby, Marshalls, PetSmart, Shoe Sensation, Five Below, Old Navy, & Maurices
• Marshalls Exceeded $5 Million Sales Threshold & No Longer has a Right to Terminate
• Long Term Double Net (NN) Leases, Minimal Responsibilities
• 5 Mile Population 24,147 | $58k+ Average Income
• $247.7 Million in Consumer Spending within 10 Miles
• Average Daily Traffic Counts of 19,965 | Corner Location
• Adjacent To Walmart, Home Depot, Aldi, & Menards
• Kirksville is Home to Truman State University | 6,500 Students
Instate Broker of Record: Brian Brockman | Bang Realty