The Landing Photo Gallery

The Landing draws from a 3-mile trade area encompassing approximately 105,000 residents in Kansas Citys midtown urban core, characterized by a diverse demographic profile with a median household income of around $45,000, higher proportions of African American and Hispanic populations compared to the metro average, and a younger median age of 34. Accessibility is strong via Troost Avenue and 63rd Street, major arterials with daily traffic volumes exceeding 30,000 vehicles, facilitating drive-in traffic from surrounding neighborhoods. Public transit options include nearby bus routes along Troost, though pedestrian footfall may be limited by urban density and safety perceptions in the area. This positioning suits retailers targeting value-conscious local consumers but exposes operations to socioeconomic volatility and potential access issues during peak hours or inclement weather.

The tenant mix at The Landing emphasizes discount fashion, specialty apparel, and quick-service food, with anchors like Citi Trends providing broad appeal to budget shoppers, complemented by unique offerings from Kansas City Costume Co and dining from Wendys and Yummi Crab. Occupancy appears moderate to low, with over 75,000 square feet currently available for lease, indicating room for new entrants to influence the mix toward complementary categories like services or ethnic cuisine. Strengths include stable core tenants that generate consistent local draw, but weaknesses arise from historical tenant turnover and absence of national big-box anchors, potentially diluting overall footfall estimated at below metro averages for similar properties. Lessees benefit from flexible space configurations but must navigate risks of category overlap and the need for proactive marketing to boost traffic in an enclosed format showing signs of aging.

Leasing at The Landing operates on a triple net (NNN) basis, with rates scaling from $5 PSF for larger spaces over 5,000 square feet to $12-$16 PSF for smaller units under 5,000 square feet, plus a $70,000 annual land lease for the pad site, offering cost-effective entry compared to the Kansas City metro average of $14.91 PSF. Terms favor owner-users with straightforward negotiations through local brokers, and build-to-suit options enhance customization. However, risks include competition from revitalized power centers like Ward Parkway Center and the broader markets 2.3% year-over-year rent growth, which may pressure margins for value retailers. Additional challenges encompass aging infrastructure requiring potential capital improvements, market saturation in apparel segments, and external factors like urban crime perceptions impacting customer confidence, necessitating thorough due diligence on operational quality and long-term viability.