Walgreens
Retail | 8.18% CAP | 15,120 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Walgreens located in Independence, Missouri (“The Property”). The Property consists of a 15,120-square-foot freestanding retail building on a 1.60-acre parcel of land. Walgreens operates under a NN lease with more than three years of lease term remaining, offering a passive investment with minimal landlord responsibilities. The tenant has operated at this location for more than 20 years and has consistently demonstrated strong in-store performance, averaging more than $3.0 million in annual sales over the past three years. This long-term occupancy paired with above-average sales underscores the location’s stability and renewal potential.
Investment highlights
High Renewal Likelihood Driven by Long-Term Tenure and Strong Sales
Operated by Walgreens for 20+ years. $3.0M in annual sales, outperforming chain average.
Prime Retail Corridor Location with Regional Draw
Signalized intersection with 33,000+ combined VPD. Anchored by Walmart, Price Chopper, and Hy-Vee near I-70 and downtown Kansas City.
Affluent Trade Area with Accelerating Income Growth
Avg. household income: $88,069 (1-mile radius). Projected 3.63% annual growth through 2029.
High-Utility Building on a Well-Located Parcel
15,120 SF with drive-thru on 1.60-acre lot. Ample parking and strong site adaptability.
Economic and Infrastructure Investment Driving Long-Term Stability
$55M transportation bond underway. $5M state-backed Eastgate Commerce Center expansion.
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