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Walgreens 2630 NE Vivion Rd 13,905 SF Retail Building Kansas City, MO 64119 $4,548,807 CAD ($327.13 CAD/SF) 10% Cap Rate

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Investment Highlights

Strong sales – Tenant reports strong sales with an estimated rent-to-sales ratio under 4%.
Signalized intersection & high visibility – Prime signalized corner with exposure to ±43,473 VPD on Antioch Rd and US-69. Minutes from US-169 and I-35
Healthcare-driven traffic – Less than 1 mile from North Kansas City Hospital (451 beds, 3,000+ employees) and the closest national drugstore

Kansas City MSA – Located 7 miles from downtown Kansas City, the metro is the 31st-largest in the U.S. with 2.2M+ residents
Strong demographics – Located in the fast-growing Northland area, which saw 6.8% population growth over the past five years
Major employment hub – Surrounded by key employers including Cerner/Oracle Health, Ford Claycomo (7,000+ employees), and the Kansas City CBD

Executive Summary

Broker of Record
Kyle Matthews
License # 2022018843 (MO)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,905 SF

Building Class

Year Built

1950

Price

$4,548,807 CAD

Price Per SF

$327.13 CAD

Cap Rate

10%

NOI

$454,881 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.51 AC

Signalized Intersection

Car Charging Station

Monument Signage

Major Tenants

Retailer
13,905 SF
$32.71 CAD
Triple Net
-

Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.