CVS Pharmacy

Platte City, Missouri

Offering Summary

  • Status: active
  • Price: $4,100,000
  • CAP Rate: 5.50%
  • Term: 14.25 Years
  • Net Operating Income: $225,600
  • Price/SF: $296.82
  • Year(s) Built: 2002
  • Year(s) Renovated: 2020
  • Lot Size (Acres): 1.57
  • Lease Type: Absolute NNN
  • Absolute Net Lease CVS with 14.25 Years Remaining Located in the Kansas City MSA
  • 2020 Remodel to the New HealthHUB Concept | ~$450,000 in Tenant Paid Improvements
  • Rare Rental Increases in Renewal Options | 15% in Option 1 | 5% in Options 2 & 3
  • Tenant Recently Extended Their Lease Showing a Strong Commitment to the Location
  • 13,193 Square Foot All-Brick Construction Building with Double Drive-Thru and Ample Parking
  • CVS Pharmacy is Ranked #7 on the Fortune 500 | S&P Investment Grade Credit Rating of “BBB”
  • Affluent Kansas City Suburb | Average Household Income $108,200 Within a 5-Mile Radius
  • Positioned Along Area’s Major Retail & Traffic Corridor | Easy Access & Excellent Visibility
  • Growing Population: Expected Growth in the Next Five Years | 87,839 Residents Within 10-Miles
  • Ideally Situated Next to the School Corridor Including Platte County High School, Platte City Middle School, Siegrist & Paxton Elementary Schools
  • Located Across the Street from Price Chopper and Surrounded by Many other National Retailers
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director