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Drug Store

CVS Pharmacy

13502 W 87th St Pkwy, Lenexa, KS 66215

Listing Price: $9,572,660

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
12,982
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.87

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 13502 W. 87th Street Parkway in Lenexa, Kansas. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$478,633. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Investment Highlights

  • Long-Term Absolute Triple Net (NNN) Lease | 13.87 Years Remaining
  • CVS Corporate Guaranty | Investment-Grade Credit
  • Fee Simple Ownership

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Drug Store

CVS Pharmacy

Listing Price: $9,572,660

Cap Rate
5.00%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
13.7
Guarantor
Corporate Guarantee
Rentable SF
12,982
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.87

Investment Highlights

  • Long-Term Absolute Triple Net (NNN) Lease | 13.87 Years Remaining
  • CVS Corporate Guaranty | Investment-Grade Credit
  • Fee Simple Ownership

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 13502 W. 87th Street Parkway in Lenexa, Kansas. There are currently 13.87 years remaining on the true triple-net lease, which calls for zero landlord responsibilities. The current annual rent is$478,633. There are ten (10), five (5)-year tenant renewal option periods, bringing the total lease term to 75 years.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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