Marcus & Millichap Brokers $7M Sale Of Bootheel Plaza Shopping Center In Kennett Missouri
1740 1st Street
$7,000,000
$55/SF
Building Size
126,193 SF
Asset Type
Retail
Closing
Mar 25, 2026
AI
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
Kennett Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93