CVS Pharmacy 18351 W 119th St 11,000 SF Retail Building Olathe, KS 66061 $5,337,956 ($485.27/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • Bondable NNN Lease
  • Strong Traffic Count
  • Excellent Location & Visibility
  • CVS HealthHub
  • Investment Grade Credit Tenant
  • $112,317 Household Income

EXECUTIVE SUMMARY

The Net Lease Group is proud to exclusively offer for sale the fee simple interest in a freestanding CVS retail store, with a CVS HealthHUB located at the southwest corner of W 119th Street and Ridgeview Road in Olathe, Kansas. The offering consists of the fee simple interest in a freestanding retail store constructed in the affluent, densely populated Kansas City suburb of Olathe.
Occupied by CVS since 2006, the 11,000 square foot Property sits on a 1.50-acre parcel at the southwest corner of 119th Street and Ridgeview Road, which provides maximum visibility to over 25,000 cars each day.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,000 SF
Building Class
C
Year Built
2006
Price
$5,337,956
Price Per SF
$485.27
Cap Rate
6.75%
NOI
$360,312
Tenancy
Single
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.17
Lot Size
1.50 AC
Zoning
CP3 - Commercial
Parking
25 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
218’ on 119th St

AMENITIES

  • 24 Hour Access
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 11,000 SF
  • -
  • Triple Net
  • Jan 2032

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 11,000 SF - Triple Net Jan 2032

NEARBY MAJOR RETAILERS

Hy-Vee
UMB Bank
Club Pilates

PROPERTY TAXES

  • Listing ID: 33192470

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 18351 W 119th St, Olathe, KS 66061