320 Lexington StRichmond, MO 64085

This exceptional investment opportunity features a 3,183 square foot CVS Pharmacy located at 320 E Lexington St, Richmond, MO 64085. The property sits on a 0.75-acre lot and boasts a strong 6.00% cap rate with a current NOI of $100,000. The lease is a triple-net (NNN) structure, minimizing landlord responsibilities. The current tenant, CVS Pharmacy, holds a credit rating of BBB+, providing significant financial stability. The lease has a remaining term of approximately 6.2 years, expiring January 31, 2031, and includes four 5-year renewal options. Rent increases of 5% every five years are built into the lease, ensuring consistent income growth. This single-tenant property offers a secure, long-term investment with a proven track record of occupancy. The strategic location near Ray County Memorial Hospital further enhances its appeal. The asking price is $1,666,666, translating to a price per square foot of $523.61. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a credit-worthy national tenant in a desirable location. The property's strong financials, coupled with the long-term lease and built-in rent escalations, make it an attractive investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio.