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Walgreens 550 S 129th St 14,820 SF Retail Building Bonner Springs, KS 66012 $4,500,000 ($303.64/SF) 9.04% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Tenant Responsible for ALL CAM, Taxes, Insurance, Roof & Structure – No Landlord Responsibilities
  • Walgreens Currently Has +/-10 Years Remaining On Their Firm Term
  • Surrounded by Various National Retailers: Price Chopper, Walmart, AutoZone, McDonald’s, Starbucks, Caliber Collision, Ace Hardware
  • Adjacent to Old Dominion Freight Line’s Brand New $45 Million Industrial Development Directly North & Interstate 70
  • Over-Sized 2.53 Acre Lot with Multiple Points of Ingress/Egress

EXECUTIVE SUMMARY

+/-9 Years Remaining | Absolute NNN Lease | Oversized 2.5+ Acre Site at Hard Corner Signalized Intersection | Surrounded by $45M+ in New Developments | Adjacent to Walmart Supercenter & Brand-New Old Dominion Freight Line Facility Nearby | Kansas City MSA

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2010
Price
$4,500,000
Price Per SF
$303.64
Cap Rate
9.04%
NOI
$407,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.53 AC
Zoning
GB - General Business
Parking
61 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
346’ on South 129th Street

AMENITIES

  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 14,820 SF
  • -
  • Triple Net
  • Jan 2035

Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 14,820 SF - Triple Net Jan 2035

NEARBY MAJOR RETAILERS

Anytime Fitness
Starbucks
Price Chopper
Academy Bank
U.S. Bank
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
400700
Land Assessment
$114,430
Improvements Assessment
$374,048
Total Assessment
$488,478
  • Listing ID: 35134782

  • Date on Market: 3/14/2025

  • Last Updated:

  • Address: 550 S 129th St, Bonner Springs, KS 66012

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