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Drug Store

Walgreens

900 Eastland Dr, Jefferson City, MO 65101

Listing Price: $5,250,000

Cap Rate
6.55%
Tenant Name
Walgreens
Years Remaining On Lease
11.2
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$354.25
Lease Type
Absolute Net
Rent Per Square Feet
$23.21

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 14,820-square-foot single-tenant pharmacy (the Property) in Jefferson City, MO, in which Walgreens has over 11 years remaining on their corporately guaranteed absolute triple-net lease. The tenant has operated at this location since 2010.

The Property is located just off Rex M. Whitton Expressway at the hard corner of Eastland Drive and East Elm Street. Neighboring retail tenants include Gerbes supermarket (owned by Kroger), Capital Region Medical Center Urgent Care Facility, McDonald’s, Taco Bell, Sonic Drive-In, Phillips 66, Dollar General and Hawthorn Bank.

The Missouri State Capitol, Jefferson City’s main tourist attraction, is located only 2.8 miles northwest of the Property. Additionally, the historic Lincoln University sits 1.7 miles northwest of the Property, with over 1,830 students enrolled as of 2022. The Property is served by the JEFFTRAN Red public bus route to downtown Jefferson City.

Investment Highlights

  • Over 11 Years Remaining on Absolute NNN Lease — Zero Landlord Responsibilities
  • Tenant Has Operated at Site for Over 13 Years
  • Signalized Intersection Near U.S. 50/U.S. 63 Expressway With Visibility to 60,000+ VPD
  • Large Hard-Corner Parcel — 1.54 Acres
  • Newer Walgreens — Built in 2010
  • Across From Large Retail Center With Supermarket, Capital Region Medical Center Urgent Care Facility, McDonald's, Taco Bell, Sonic Drive-In, Phillips 66, Dollar General and More

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Listing Price: $5,250,000

Cap Rate
6.55%
Tenant Name
Walgreens
Years Remaining On Lease
11.2
Gross SF
14,820
Guarantor
Corporate Guarantee
Rentable SF
14,820
Price/Gross SF
$354.25
Lease Type
Absolute Net
Rent Per Square Feet
$23.21

Investment Highlights

  • Over 11 Years Remaining on Absolute NNN Lease — Zero Landlord Responsibilities
  • Tenant Has Operated at Site for Over 13 Years
  • Signalized Intersection Near U.S. 50/U.S. 63 Expressway With Visibility to 60,000+ VPD
  • Large Hard-Corner Parcel — 1.54 Acres
  • Newer Walgreens — Built in 2010
  • Across From Large Retail Center With Supermarket, Capital Region Medical Center Urgent Care Facility, McDonald's, Taco Bell, Sonic Drive-In, Phillips 66, Dollar General and More

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 14,820-square-foot single-tenant pharmacy (the Property) in Jefferson City, MO, in which Walgreens has over 11 years remaining on their corporately guaranteed absolute triple-net lease. The tenant has operated at this location since 2010. The Property is located just off Rex M. Whitton Expressway at the hard corner of Eastland Drive and East Elm Street. Neighboring retail tenants include Gerbes supermarket (owned by Kroger), Capital Region Medical Center Urgent Care Facility, McDonald’s, Taco Bell, Sonic Drive-In, Phillips 66, Dollar General and Hawthorn Bank. The Missouri State Capitol, Jefferson City’s main tourist attraction, is located only 2.8 miles northwest of the Property. Additionally, the historic Lincoln University sits 1.7 miles northwest of the Property, with over 1,830 students enrolled as of 2022. The Property is served by the JEFFTRAN Red public bus route to downtown Jefferson City.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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