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Long-Term Walgreens Commitment | $106K H.H.I. 3200 SW State Route 7 14,505 SF Retail Building Blue Springs, MO 64014 $4,467,484 CAD ($308.00 CAD/SF) 8.50% Cap Rate
Executive Summary
• Below market seller financing available, contact broker for details.
•Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location.
•Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
•Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
•Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
•This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
Listed in conjunction with Brian Brockman, Bang Realty - Missouri Inc, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.
•Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location.
•Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
•Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
•Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
•This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
Listed in conjunction with Brian Brockman, Bang Realty - Missouri Inc, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,505 SF
Building Class
C
Year Built
2003
Price
$4,467,484 CAD
Price Per SF
$308.00 CAD
Cap Rate
8.50%
NOI
$379,736 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.02 AC
Zoning
GP, Blues Springs - General Purpose
Parking
85 Spaces (5.86 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-430-01-02-01-0-00-000 | Improvements Assessment | $544,454 CAD |
| Land Assessment | $573,902 CAD | Total Assessment | $1,118,356 CAD |
Property Taxes
Parcel Number
41-430-01-02-01-0-00-000
Land Assessment
$573,902 CAD
Improvements Assessment
$544,454 CAD
Total Assessment
$1,118,356 CAD
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Long-Term Walgreens Commitment | $106K H.H.I. | 3200 SW State Route 7
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