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Investment Highlights

  • Walgreens is operating under a 75-year Absolute NNN lease with 10+ years of firm term remaining, potentially extending the lease through 2087.
  • The area within a 5-mile radius of Walgreens is comprised of 19.2M square feet of retail, with an additional 75K SF currently under construction.
  • $207,000 average household income within a 1-mile radius of Walgreens.
  • The Property sits on a hard corner at the signalized intersection of Town Center Drive and Roe Ave, providing unmatched exposure and accessibility.
  • The region has rapidly expanded its commercial presence to accommodate a population nearing 220,000 within 5 miles.

Executive Summary

Walgreens Kansas City | Absolute NNN Lease | $207K Avg HH Income | Dominant Retail Corridor

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,285 SF
Building Class
B
Year Built
2011
Price
$11,283,202 CAD
Price Per SF
$789.86 CAD
Cap Rate
6.50%
NOI
$733,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.35 AC
Zoning
SD
Moderately walkable
70/100
Exceptionally drivable
90/100
Moderately bikeable
60/100

Nearby Major Retailers

CycleBar
Bank of America
Chase Bank
The Bar Method
Trader Joe's
Hen House Market
U.S. Bank
Pure Barre
Starbucks
UMB Bank

Property Taxes

Property Taxes

Parcel Number
HP98200000-0009
Land Assessment
$474,644 CAD
Improvements Assessment
$663,086 CAD
Total Assessment
$1,137,730 CAD
  • Listing ID: 41733682

  • Date on Market: 2026-08-13

  • Last Updated:

  • Address: 4701 Town Center Dr, Leawood, KS 66211

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