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Walgreens 2630 NE Vivion Rd 13,905 SF Retail Building Kansas City, MO 64119 $3,496,000 ($251.42/SF) 9.50% Cap Rate
Investment Highlights
- Strong sales – Tenant reports strong sales with an estimated rent-to-sales ratio under 4%.
- Signalized intersection & high visibility – Prime signalized corner with exposure to ±43,473 VPD on Antioch Rd and US-69. Minutes from US-169 and I-35
- Healthcare-driven traffic – Less than 1 mile from North Kansas City Hospital (451 beds, 3,000+ employees) and the closest national drugstore
- Kansas City MSA – Located 7 miles from downtown Kansas City, the metro is the 31st-largest in the U.S. with 2.2M+ residents
- Strong demographics – Located in the fast-growing Northland area, which saw 6.8% population growth over the past five years
- Major employment hub – Surrounded by key employers including Cerner/Oracle Health, Ford Claycomo (7,000+ employees), and the Kansas City CBD
Executive Summary
Broker of Record
Kyle Matthews
License # 2022018843 (MO)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 2022018843 (MO)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1950
Price
$3,496,000
Price Per SF
$251.42
Cap Rate
9.50%
NOI
$332,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.51 AC
Amenities
- Car Charging Station
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-717-00-01-004.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $793,060 |
Property Taxes
Parcel Number
14-717-00-01-004.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$793,060
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Walgreens | 2630 NE Vivion Rd
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