Description

Holiday Hills Shopping Center is a three-property neighborhood retail portfolio at 5006–5044 NE Parvin Road in Kansas City, Missouri. The offering includes approximately 40,200 square feet across two strip-center buildings and a freestanding restaurant building. Dollar General has operated at the location for more than 30 years, providing a familiar anchor alongside a mix of restaurant, retail, and service tenants.

The portfolio spans approximately 8.15 acres and includes about 180 surface parking spaces. The principal shopping-center building dates to 1960, with the additional buildings developed in the mid-1960s. Multiple buildings and suite configurations give ownership flexibility to accommodate neighborhood-serving users of different sizes. Current marketed availability includes suites of approximately 4,550 and 10,000 square feet, creating a lease-up opportunity within an established commercial location.

Holiday Hills is positioned in Kansas City’s Northland market, approximately 15 minutes from downtown. The property serves surrounding residential neighborhoods and benefits from a grocery-oriented shopping pattern, convenient access, and on-site parking for customers and employees. The center’s tenant mix supports recurring visits for everyday goods, dining, and personal services.

The portfolio is offered at $3,400,000, or approximately $84.58 per square foot. Reported net operating income is $272,000, producing an 8.00% capitalization rate at the asking price. Existing income, a long-tenured anchor, and available space for additional leasing position Holiday Hills as a value-add retail investment with both current cash flow and defined operational upside.