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Kansas City MSA Walgreens | Abs NNN 2900 S 4th St 14,465 SF Retail Building Leavenworth, KS 66048 $5,780,209 CAD ($399.60 CAD/SF) 9% Cap Rate
Investment Highlights
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- Across the street from a CVS and the last Walgreens northbound from Kansas City for 36 miles and west of the Missouri River for 132 miles.
- Four miles north, Fort Leavenworth is the second-oldest active U.S. Army post west of D.C., a 5,600-acre base home the Combined Arms Center.
- Limited drugstore competition, with the next nearest Walgreens store a 25-minute drive across the state line, over 8.5 miles away.
- Less than a half mile from Saint John Hospital and the Eisenhower VA Medical Center, the closest Walgreens to both.
- Less than a quarter of a mile south, the University of Saint Mary offers more than 30 undergraduate and master's programs.
Executive Summary
We are pleased to market for sale the Walgreens property located at 2900 S 4th St, Leavenworth, KS 66048 (“The Property”). Walgreens has been operating at this location for 17 years and has 8 and a half years remaining on its lease. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever.
The Property benefits from limited drugstore competition, with the nearest Walgreens located over 8.5 miles away (25-minute drive), positioning this site as a primary pharmacy provider for the surrounding market.
Additionally, the Property holds a strategic geographic advantage, located across the street from a CVS store and serving as the last Walgreens for over 36 miles heading north out of Kansas City and the last Walgreens for over 130 miles west of the Missouri River, reinforcing its importance within the regional trade area.
The Property is located less than 0.5 miles from both Saint John Hospital and the Dwight D. Eisenhower VA Medical Center, making it the closest pharmacy location to these major healthcare providers. These facilities generate consistent prescription demand and drive daily traffic to the site.
Fort Leavenworth, located 4 miles north, is a major U.S. Army installation spanning 5,600 acres and home to the U.S. Army Combined Arms Center, supporting a large population of military personnel, civilian employees, and contractors. Additionally, the University of Saint Mary, located less than 0.25 miles south, offers more than 30 undergraduate and graduate programs.
Listed in conjunction with Brian Brockman, Bang Realty - Kansas Inc, 513-898-1551, wg@bangrealty.com, KS DRE Lic. 239819.
The Property benefits from limited drugstore competition, with the nearest Walgreens located over 8.5 miles away (25-minute drive), positioning this site as a primary pharmacy provider for the surrounding market.
Additionally, the Property holds a strategic geographic advantage, located across the street from a CVS store and serving as the last Walgreens for over 36 miles heading north out of Kansas City and the last Walgreens for over 130 miles west of the Missouri River, reinforcing its importance within the regional trade area.
The Property is located less than 0.5 miles from both Saint John Hospital and the Dwight D. Eisenhower VA Medical Center, making it the closest pharmacy location to these major healthcare providers. These facilities generate consistent prescription demand and drive daily traffic to the site.
Fort Leavenworth, located 4 miles north, is a major U.S. Army installation spanning 5,600 acres and home to the U.S. Army Combined Arms Center, supporting a large population of military personnel, civilian employees, and contractors. Additionally, the University of Saint Mary, located less than 0.25 miles south, offers more than 30 undergraduate and graduate programs.
Listed in conjunction with Brian Brockman, Bang Realty - Kansas Inc, 513-898-1551, wg@bangrealty.com, KS DRE Lic. 239819.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,465 SF
Building Class
B
Year Built
2009
Price
$5,780,209 CAD
Price Per SF
$399.60 CAD
Cap Rate
9%
NOI
$520,219 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.13 AC
Zoning
GBD
Frontage
453’ on 4th St
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101-12-0-10-02-001.01-0 | Improvements Assessment | $398,718 CAD |
| Land Assessment | $389,440 CAD | Total Assessment | $788,158 CAD |
Property Taxes
Parcel Number
101-12-0-10-02-001.01-0
Land Assessment
$389,440 CAD
Improvements Assessment
$398,718 CAD
Total Assessment
$788,158 CAD
Contacts
-
Dawson MacKay -
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Kansas City MSA Walgreens | Abs NNN | 2900 S 4th St
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