Parsons, KS

• Absolute NNN lease with zero landlord obligations whatsoever, with 5% rental increases in the first four options.
• The property benefits from minimal drugstore competition with the next nearest Walgreens 26 miles away and the nearest CVS over 45 miles away.
• Serving as the only major hospital system in Parsons, Labette Health is a 99-bed hospital providing acute, intensive, and inpatient rehabilitation services to the six-county area.
• Located 1.5 miles from the property, Parsons Research Center is a partnership between Kansas State University and federal, state, and county governments conducting research throughout Kansas.
• Adjacent to the property, Labette Community College enrolls over 1,500 students annually.

We are pleased to market for sale the Walgreens property located at 1528 Main St, Parsons, KS 67357 ("The Property"). Walgreens has been operating at the site for 20 years and has 4 years of firm term remaining before the 12 (5-year) option periods. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever and calls for a 5% increase in the first four options.

The property benefits from minimal drugstore competition with the next nearest Walgreens 26 miles away and the nearest CVS over 45 miles away. Located less than one mile from Labette Health, a full-service hospital and Level IV trauma center, the pharmacy segment benefits from being the only national chain pharmacy servicing one of the city’s largest and most critical institutions.

Adjacent to the Property, Labette Community College enrolls over 1,500 students annually and adds to the area’s educational and economic base. The site is also surrounded by a mix of national and regional tenants, including Walmart, Dollar Tree, AutoZone, and multiple fast food operators, reinforcing the area's position as a key retail hub for the broader region.