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Walgreens 1214 W Foxwood Dr 14,500 SF Retail Building Raymore, MO 64083 $4,168,188 ($287.46/SF) 8% Cap Rate
Investment Highlights
- Absolute NNN Lease with 6.5 Years Remaining
- Located on a Main Retail Corridor Near Credit Tenants Including McDonald's, Chick-Fil-A, Taco Bell, Culver's, Lowes, Whataburger, Wendy's, Walmart etc
- Apparent Consolidation Effort to this Location as the Closest Walgreens in Belton, MO was Closed in 2024
- Positioned on a Hard Corner at a Signalized Intersection with Strong Visibility and Traffic Counts (25,000+ VPD)
- Tenant Spent More Than $700,000 in Renovations to the Parking Lot, Curbs and Sidewalks in 2024 Demonstrating Their Commitment to this Location
- Property is Less Than 23 Miles from Downtown Kansas City (Raymore is Part of the Kansas City MSA with 2.2+ Million People)
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,500 SF
Building Class
C
Year Built
2007
Price
$4,168,188
Price Per SF
$287.46
Cap Rate
8%
NOI
$333,455
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.44 AC
Parking
69 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
289’ on Missouri 58
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2206712 | Improvements Assessment | $1,096,890 |
| Land Assessment | $354,840 | Total Assessment | $1,451,730 |
Property Taxes
Parcel Number
2206712
Land Assessment
$354,840
Improvements Assessment
$1,096,890
Total Assessment
$1,451,730
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Walgreens | 1214 W Foxwood Dr
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