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10050 Woodland Dr 13,225 SF Retail Building Lenexa, KS 66220 $4,828,000 ($365.07/SF) 9% Cap Rate
Investment Highlights
- Approximately 15,000 Vehicles Per Day.
- The lease is corporate guaranteed by CVS Health Corporation.
- No Landlord Responsibilities
- Located in a dense residential and at the corner of a signalized intersection adjacent to numerous national credit tenants.
Executive Summary
Price is Inclusive of a Full Rent Credit for Rent Holiday (2/2032 - 1/2035)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
C
Year Built
2009
Price
$4,828,000
Price Per SF
$365.07
Cap Rate
9%
NOI
$434,450
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.63 AC
Zoning
Retail
Parking
68 Spaces (6.26 Spaces per 1,000 SF Leased)
Frontage
277’ on Woodland Rd
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | IP23420000-0001 | Improvements Assessment | $477,798 |
| Land Assessment | $342,203 | Total Assessment | $820,001 |
Property Taxes
Parcel Number
IP23420000-0001
Land Assessment
$342,203
Improvements Assessment
$477,798
Total Assessment
$820,001
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10050 Woodland Dr
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