Drug Store
Walgreens | +/-10.5 Years Remaining | Absolute NNN Lease | Next to Walmart | $85K 3-Mile AHHI
550 South 129th Street, Bonner Springs (Kansas City MSA), KS 66012
Listing Price: $5,096,400
Investment Overview
The subject offering is a long-term leased Walgreens Pharmacy located in the Kansas City, Missouri/Kansas MSA. The Property's current lease has approximately 10.5 years of firm lease term remaining on its original lease and fifty, one-year renewal options thereafter. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500.
The subject site is located just south of Interstate 70 and Old Dominion Freight Line’s $45 million new development and is positioned at a hard corner, signalized intersection that experiences approximately 31,000 vehicles-per-day and surrounded by various national retailers. Retailers in the immediate area include: Walmart, Price Chopper, Starbucks, Arby’s, AutoZone, McDonald’s, Dollar Tree, Anytime Fitness and Ace Hardware. The Property is also only 10 minutes from the Kansas Speedway, which currently hosts two annual NASCAR race weekends and is located within the Kansas City, Missouri MSA which is the largest city in Missouri and the 36th most-populous city in the United States. Constructed in 2010 on an over-sized 2.53 acre lot, this is an opportunity to acquire a well-positioned passive, cash flowing investment property backed by one of the largest healthcare & pharmacy organizations in the world with an attractive yield in a market with continuing commercial & residential development growth
Walgreens | +/-10.5 Years Remaining | Absolute NNN Lease | Next to Walmart | $85K 3-Mile AHHI
Investment Highlights
- Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
- Interstate 70 and Old Dominion Freight Line's Brand New $45 Million Industrial Development Directly North
- Surrounded by Various National Retailers: Price Chopper, Walmart, AutoZone, McDonald's, Starbucks and Caliber Collision
- Long Lease Term Remaining: +/-10.5 Years Left on Original Lease with Fifty, One-Year Options to Renew
- Over-Sized 2.53 Acre Lot with Multiple Points of Ingress/Egress
- Strong Demographics: Average Household Income in Three Miles is Approximately $85,000
Broker of Record
Drug Store
Walgreens | +/-10.5 Years Remaining | Absolute NNN Lease | Next to Walmart | $85K 3-Mile AHHI
Listing Price: $5,096,400
Investment Highlights
- Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
- Interstate 70 and Old Dominion Freight Line's Brand New $45 Million Industrial Development Directly North
- Surrounded by Various National Retailers: Price Chopper, Walmart, AutoZone, McDonald's, Starbucks and Caliber Collision
- Long Lease Term Remaining: +/-10.5 Years Left on Original Lease with Fifty, One-Year Options to Renew
- Over-Sized 2.53 Acre Lot with Multiple Points of Ingress/Egress
- Strong Demographics: Average Household Income in Three Miles is Approximately $85,000
Investment Overview
The subject offering is a long-term leased Walgreens Pharmacy located in the Kansas City, Missouri/Kansas MSA. The Property's current lease has approximately 10.5 years of firm lease term remaining on its original lease and fifty, one-year renewal options thereafter. The offering presents an ideal investment for a Buyer seeking a best-in-class investment-grade corporate tenant ranked #18 in the Fortune 500. The subject site is located just south of Interstate 70 and Old Dominion Freight Line’s $45 million new development and is positioned at a hard corner, signalized intersection that experiences approximately 31,000 vehicles-per-day and surrounded by various national retailers. Retailers in the immediate area include: Walmart, Price Chopper, Starbucks, Arby’s, AutoZone, McDonald’s, Dollar Tree, Anytime Fitness and Ace Hardware. The Property is also only 10 minutes from the Kansas Speedway, which currently hosts two annual NASCAR race weekends and is located within the Kansas City, Missouri MSA which is the largest city in Missouri and the 36th most-populous city in the United States. Constructed in 2010 on an over-sized 2.53 acre lot, this is an opportunity to acquire a well-positioned passive, cash flowing investment property backed by one of the largest healthcare & pharmacy organizations in the world with an attractive yield in a market with continuing commercial & residential development growth
Broker of Record
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