4016 95Th StPrairie Village, KS 66207

For Sale
$6,992,986

High-Yield Walgreens Net Lease in KS

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple Walgreens pharmacy located at 4016 W 95th St, Prairie Village, KS 66207. The property boasts a substantial 14,820 square feet on a 69,904 square foot lot, zoned C-3. Built in 2009, this single-building property features a drive-thru and benefits from a long-term, 25-year net lease (NNN) with Walgreens, commencing January 1, 2010, and expiring December 31, 2034. With over 10 years remaining on the lease, this investment offers exceptional stability and predictable cash flow. The current asking price is $6,992,986, representing a price per square foot of $471.86 and a compelling 7.50% cap rate based on a current NOI of $524,474. The property enjoys 100% occupancy since its opening date of January 1, 2010. Situated in an affluent area of Prairie Village, Kansas, with an average household income of $152,586, this Walgreens benefits from high traffic volume and a strong demographic profile. The property is a single-tenant, NNN lease, minimizing landlord responsibilities and maximizing passive income potential. This is a rare opportunity to acquire a high-performing, net-leased Walgreens in a prime location with significant remaining lease term.

Highlights

  • $6,992,986 asking price for a Walgreens net-leased retail property.
  • 14,820 square feet on a 69,904 square foot lot in Prairie Village, Kansas.
  • NNN lease with 10.1 years remaining (through 12/31/2034).
  • 7.50% cap rate with a $524,474 NOI.
  • Located in a high-traffic area with a drive-thru, in an affluent area with an average household income of $152,586.

Property Details for 4016 95Th St

Property type
Other retail properties, Individual retail properties
Square Feet
14,820 SF
Year Built
2009
Buildings
1

Location Insight

City
Prairie Village
County
Johnson
State
Kansas
Latitude
38.956874435449
Longitude
-94.63147028129
4016 95Th St, Prairie Village, Kansas

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4016 95Th St
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