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Marcus & Millichap Brokers $7M Sale Of Bootheel Plaza Shopping Center In Kennett Missouri

Property Image
SOLD
$7,000,000

Missouri

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Retail126,193 SF
Sold 03/25/2026
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Property Image
SOLD

Marcus & Millichap Brokers $7M Sale Of Bootheel Plaza Shopping Center In Kennett Missouri

1740 1st Street

See Similar Deals
Retail126,193 SF
Sold 03/25/2026
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Summary

MISSOURI
Asset Type:Retail
Price Per Square Foot:$55
Total Square Footage:126,193 SF
Transaction Type:Sale

A retail property located at 1740 1st Street in Kennett, MO has recently been sold for $7,000,000. This property, known as Bootheel Plaza, encompasses 126,193 square feet and features a diverse tenant mix of 23 different retailers. The asset occupies 11.3 acres and was constructed in 1973, with notable tenants including Tractor Supply, Bealls, Dollar Tree, Hibbett Sports, Shoe Sensation, AT&T, and AutoZone.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,000,000
  • Square Footage: 126,193
  • Price Per Square Foot: $55
  • Address: 1740 1st Street
  • Market: Kennett, MO

The transaction was represented by brokers Austin Sweet, Chris Garavaglia, and Alex Perez from Marcus & Millichap, who facilitated the sale of the shopping center anchored by Tractor Supply. The deal highlights the involvement of experienced professionals in the retail real estate market in the Kennett area.

Players

Alex Perez
11 deals$61.4M volume(314) 889-2525
BROKER

Chris Garavaglia
Marcus & Millichap
9 deals$52M volume(314) 889-2552
BROKER

Austin Sweet
Marcus & Millichap
4 deals$20.5M volume(314) 889-2503
BROKER

Details

SOLD
IMAGE: 03/25/2026 ADDRESS: 1740 1st Street MARKET: Kennett, MO ASSET TYPE: Retail BROKERS: Austin Sweet, Chris Garavaglia & Alex Perez - Marcus & Millichap SALE PRICE: $7,000,000 SF: 126,193 ~ PPSF: $55 NOTE: Marcus & Millichap brokered the $7M sale of Bootheel Plaza, a 126K-sf shopping center in Kennett, Missouri, anchored by Tractor Supply. The 23-tenant center, built in 1973 on 11.3 acres, also houses Bealls, Dollar Tree, Hibbett Sports, Shoe Sensation, AT&T and AutoZone.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85