9300 E Gregory Blvd
Raytown, MO 64133
Walgreens · Retail Property For Sale

Walgreens - Recent Lease Extension - Kansas City Stan Johnson Company is pleased to offer for sale to qualified investors the fee simple interest in a property leased to Walgreens (the Tenant ) and located at 9300 East Gregory Boulevard in Raytown, Missouri (the Property ). The Tenant is currently operating under a double net lease with approximately 13 years remaining in the primary term. The Property is located on the signalized intersection of East Gregory Boulevard and Blue Parkway. Blue Parkway is a main thoroughfare through Raytown and boasts a vehicle per day count that exceeds 40,000. Raytown is part of the Kansas City Metropolitan Area which, with an estimated population of 2,340,000, is the 30th largest metro area in the U.S. Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., (NASDAQ: WBA), had FY2016 (ended August 31, 2016) revenue of $117.35 billion and net income of $4.17 billion. As of August 31, 2016, the company had a net worth of $29.88 billion. Currently, Walgreen Co. holds a BBB credit rating by Standard and Poor' s and had a market capitalization of $88 billion as of February 9, 2017. The city of Raytown is in Jackson County, Missouri and is located in the southeast suburbs of the Kansas City Metropolitan area. Raytown' s estimated population in 2015 was 29,401 with an estimated median household income of $49,139 (2015). Jackson County, named after President Andrew Jackson, was formed in 1827 and advanced throughout the 19th and 20th century as pioneers moved westward along the three historic trails in search of available fertile lands and water. The three trails have been mirrored over the centuries into an interchange of 5 major highways known as the Grandview Triangle. The interchange connects highways I-49, I-435, I-470, US 50, and US 71 making it a key transportation asset for local businesses and a driver for the overall health of the local economy.