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Recent Commitment from Tenant 101k HH Income 3200 SW State Route 7 14,505 SF Retail Building Blue Springs, MO 64014 $3,373,939 ($232.61/SF) 8.25% Cap Rate
Executive Summary
• Below market seller financing available, contact broker for details.
•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.
•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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,505 SF
Building Class
C
Year Built
2003
Price
$3,373,939
Price Per SF
$232.61
Cap Rate
8.25%
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 | $397,293 |
| Land Assessment | $418,781 | Total Assessment | $816,074 |
Property Taxes
Parcel Number
41-430-01-02-01-0-00-000
Land Assessment
$418,781
Improvements Assessment
$397,293
Total Assessment
$816,074
(619) 297-0055
x302
Contacts
-
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Recent Commitment from Tenant 101k HH Income | 3200 SW State Route 7
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