Joplin, MO
- Walgreens is paying $12.22/SF which is significantly lower than the national average.
- Walgreens signed a 10-year lease extension in 2019 demonstrating their long-term commitment to the site.
- Located 2 miles East, Prospect Village is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area.
- Freeman Hospital West (339 Beds), Freeman Hospital East (72 Beds), Landmark Hospital (28 Beds) and Mercy Hospital Joplin (191 Beds) are all located in a 3 Mile Radius of the Property.
- Located on the intersection of South Main Street and East 20th Street with over 27,000 VPD.
We are pleased to market for sale the Walgreens property located at 2001 South Main Street in Joplin, Missouri ("The Property"). Walgreens has been operating at this location for over ±27 years and has over 4 years remaining on the primary term. Walgreens signed a 10-year lease extension in 2019, demonstrating their commitment to the site. According to Placer.AI, the subject property is the #1 most visited Walgreens in a 30-mile radius (amongst 8 other Walgreens locations). This opportunity allows investors to purchase a high-yield Walgreens asset with a long operating history in a growing market.
Located 2 miles East, the Prospect Village Development is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area. Freeman Health Systems is the largest employer in Joplin, with over 3,600 employees and Joplin serves as a central medical hub for the surrounding market. Freeman Hospital West (1.8 Mi SW) and Freeman Hospital East (1.7 Mi SE) combine for over 410 beds and provide a strong customer base for the store's pharmacy segment.
