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10050 Woodland Dr 13,225 SF Retail Building Lenexa, KS 66220 $5,646,500 ($426.96/SF) 7.69% Cap Rate
Investment Highlights
- LONG TERM LEASE (8.50 YEARS) Primary Term expires 1/31/2035. CVS has operated from this location since 2010.
- The lease is corporate guaranteed by CVS Health Corporation.
- STRONG DEMOGRAPHICS Average Household Income in a 1-mile radius is $198,646 in a population of 148,937 in a 5-mile radius.
- ABSOLUTE NET BOND LEASE No Landlord Responsibilities
- KANSAS CITY M.S.A. The second largest M.S.A. in Kansas with an estimated population of over 2.2 million residents.
- HIGH TRAFFIC COUNTS Approximately 15,000 Vehicles Per Day.
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began as a single store in Lowell, Massachusetts in 1963 and grew into a retail pharmacy business within CVS Health. The company dispenses prescriptions and supports patient care through vaccinations, counseling, prescription savings, mail order pharmacy, specialty pharmacy, and prescription delivery, while also selling health and wellness products and general merchandise. CVS Pharmacy remains a major U.S. pharmacy chain with a broad neighborhood presence and is part of a larger health care platform that connects retail pharmacy, pharmacy benefits, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | IP23420000-0001 | Improvements Assessment | $477,798 |
| Land Assessment | $342,203 | Total Assessment | $820,001 |
Property Taxes
Presented by
10050 Woodland Dr
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