1616 Mo-7Blue Springs, MO 64014

For Sale
$5,649,386

High-Yield CVS Pharmacy, Missouri

Overview

Added:
Dec 11, 2024
Days on market:
93
Exceptional investment opportunity: a single-tenant, fee-simple CVS Pharmacy in Blue Springs, Missouri. This 1-story, 1985-built property boasts a 5.08-acre lot with ample parking (approximately 200 spaces), generating a strong NOI of $423,704 and a 7.50% cap rate. The property benefits from a long-term lease (7+ years remaining with ten 5-year renewal options) and enjoys excellent visibility on a high-traffic road (approximately 29,496 vehicles per day) near major highways and other prominent retailers including Walmart, Subway, and McDonald's. The property is located within the Kansas City MSA, a high-population-density area with significant projected growth. The investment-grade credit tenant (S&P: BBB) provides a secure and stable income stream with a full corporate guaranty. This NNN lease structure minimizes landlord responsibilities. The property's proximity to a country club and golf course adds to its appeal. Asking price: $5,649,386.

Highlights

  • Investment-grade CVS Pharmacy tenant (S&P: BBB).
  • Full corporate guaranty from CVS.
  • NNN lease; fee simple ownership.
  • Over seven years remaining on primary lease term with ten, five-year renewal options.
  • High visibility on NW State Route 7 (approx. 29,496 VPD).
  • Strong co-tenancy including Walmart, Subway, Pizza Hut, Dunkin', QuikTrip, McDonald's, and Whataburger.

Property Details for 1616 Mo-7

Property type
Other retail properties, Individual retail properties
Year Built
1985
Buildings
1
Stories
1
Lot Size (sq. ft)
221,285 SF

Location Insight

City
Blue Springs
County
Jackson
State
Missouri
Latitude
39.0370857
Longitude
-94.2697205
1616 Mo-7, Blue Springs, Missouri

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1616 Mo-7
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