Blue Springs, MO
Price:
$ 3,711,333
CAP Rate:
7.50%
NOI:
$ 278,350
Lease Term Remaining Before Options:
10 Years 8 Months
- 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.
- Purchaser has the option to assume the current in place financing with an interest rate of 3.50%. The current balance of the loan is approximately $2,118,271 as of March 2025. Purchaser will be responsible for the 0.25% assumption fee.
- 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.
Price:
$ 3,711,333
CAP Rate:
7.50%
NOI:
$ 278,350
Lease Term Remaining Before Options:
10 Years 8 Months
