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CVS Pharmacy 18351 W 119th St 11,000 SF Retail Building Olathe, KS 66061 $7,451,360 CAD ($677.40 CAD/SF) 6.75% Cap Rate

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INVESTMENT HIGHLIGHTS

Bondable NNN Lease
Strong Traffic Count
Excellent Location & Visibility

CVS HealthHub
Investment Grade Credit Tenant
$112,317 Household Income

EXECUTIVE SUMMARY

The Net Lease Group is proud to exclusively offer for sale the fee simple interest in a freestanding CVS retail store, with a CVS HealthHUB located at the southwest corner of W 119th Street and Ridgeview Road in Olathe, Kansas. The offering consists of the fee simple interest in a freestanding retail store constructed in the affluent, densely populated Kansas City suburb of Olathe. Occupied by CVS since 2006, the ± 11,000 square foot Property sits on a ± 1.50-acre parcel at the southwest corner of 119th Street and Ridgeview Road, which provides maximum visibility to over 28,000 cars each day. CVS has approximately 6.25 years remaining on the initial lease term. The offering provides prospective investors the opportunity to purchase an institutional quality asset, generating stable, predictable cash flow in a rapidly growing suburban Kansas City market.

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PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

11,000 SF

Building Class

Year Built

2006

Price

$7,451,360 CAD

Price Per SF

$677.40 CAD

Cap Rate

6.75%

NOI

$502,967 CAD

Tenancy

Single

Building Height

1 Story

Slab To Slab

11’

Building FAR

0.17

Lot Size

1.50 AC

Zoning

CP3 - Commercial

Parking

25 Spaces (2.27 Spaces per 1,000 SF Leased)

Frontage

218’ on 119th St

24 Hour Access
Signage

Signalized Intersection

Drive Thru

Air Conditioning

MAJOR TENANTS

Retailer
11,000 SF
-
Triple Net
Jan 2032

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
	Retailer	11,000 SF	-	Triple Net		Jan 2032

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PROPERTY TAXES

Parcel Number	DP16370000-0001	Improvements Assessment	$753,196 CAD
Land Assessment	$442,275 CAD	Total Assessment	$1,195,471 CAD

PROPERTY TAXES

Parcel Number

DP16370000-0001

Land Assessment

$442,275 CAD

Improvements Assessment

$753,196 CAD

Total Assessment

$1,195,471 CAD

(404) 551-2068 x706

CONTACTS

Esmael Hill
Dane Bailey
The Net Lease Group

Listing ID: 33192470
Date on Market: 2024-09-16
Last Updated:
Address: 18351 W 119th St, Olathe, KS 66061

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