Recent Commitment from Tenant 101k HH Income 3200 SW State Route 7 14,505 SF Retail Building Blue Springs, MO 64014 $3,479,375 ($239.87/SF) 8% Cap Rate
EXECUTIVE SUMMARY
•Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location.
•Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
•Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
•Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
•This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
Listed in conjunction with Brian Brockman, Bang Realty - Missouri Inc, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.
•Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
•Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
•Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
•This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
Listed in conjunction with Brian Brockman, Bang Realty - Missouri Inc, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,505 SF
Building Class
C
Year Built
2003
Price
$3,479,375
Price Per SF
$239.87
Cap Rate
8%
NOI
$278,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.01 AC
Zoning
GP, Blues Springs
Parking
85 Spaces (5.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 41-430-01-02-01-0-00-000 | Improvements Assessment | $357,920 |
| Land Assessment | $377,280 | Total Assessment | $735,200 |
