Drug Store
Walgreens | 10 Years Remaining | New Dollar Tree Sublet | Absolute NNN | Near Ford Assembly Plant
358 NE 69th St, Kansas City, MO 64118
Listing Price: $4,221,350
Investment Overview
The subject offering is a long-term, triple-net leased Walgreens Pharmacy located in Kansas City, Missouri. The site has been vacated by Walgreens and Walgreens has subleased the site to Dollar Tree. Walgreens remains responsible for the entirety of the firm term lease through December 31, 2033. With 10 years of remaining term on the current lease, Walgreens remains responsible for $3,400,000 of base rent payable to landlord over the next 10 years in addition to being financially responsible for all operating expenses at the site including property taxes, insurance, roof, structure, and parking lot.
The property is located just off a major interstate interchange ramp of Interstate 435 & Interstate 35 and across from one of Ford’s largest US assembly plants comprising 1,269 acres and employing more than 7,000 people in the immediate area. More than 52,000 residents live within a three-mile retail trade area with average household income nearing $80,000 annually.
The offering presents an ideal investment for an investor seeking a best-in-class investment-grade corporate credit tenant ranked #18 in the Fortune 500 and priced at an attractive, above market going-in yield that significantly exceeds 10 year, comparative credit investment offerings in the national marketplace.
Investment Highlights
- Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
- Absolute NNN Lease Structure-No Landlord Responsiblities
- Brand-New Dollar Tree Sublet-Walgreens Responsible for $3,400,000 of Base Rent Over the Next 10 Years
- Directly Off Interstate 435 and Close Proximity to 1,269-Acre Ford Assembly Plant
Exclusively Listed By
Broker of Record
Drug Store
Walgreens | 10 Years Remaining | New Dollar Tree Sublet | Absolute NNN | Near Ford Assembly Plant
Listing Price: $4,221,350
Investment Highlights
- Passive Lease Structure – Tenant Responsible for CAM, Taxes, Insurance and Roof and Structure
- Absolute NNN Lease Structure-No Landlord Responsiblities
- Brand-New Dollar Tree Sublet-Walgreens Responsible for $3,400,000 of Base Rent Over the Next 10 Years
- Directly Off Interstate 435 and Close Proximity to 1,269-Acre Ford Assembly Plant
Investment Overview
The subject offering is a long-term, triple-net leased Walgreens Pharmacy located in Kansas City, Missouri. The site has been vacated by Walgreens and Walgreens has subleased the site to Dollar Tree. Walgreens remains responsible for the entirety of the firm term lease through December 31, 2033. With 10 years of remaining term on the current lease, Walgreens remains responsible for $3,400,000 of base rent payable to landlord over the next 10 years in addition to being financially responsible for all operating expenses at the site including property taxes, insurance, roof, structure, and parking lot. The property is located just off a major interstate interchange ramp of Interstate 435 & Interstate 35 and across from one of Ford’s largest US assembly plants comprising 1,269 acres and employing more than 7,000 people in the immediate area. More than 52,000 residents live within a three-mile retail trade area with average household income nearing $80,000 annually. The offering presents an ideal investment for an investor seeking a best-in-class investment-grade corporate credit tenant ranked #18 in the Fortune 500 and priced at an attractive, above market going-in yield that significantly exceeds 10 year, comparative credit investment offerings in the national marketplace.
Exclusively Listed By
Broker of Record

