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31745548
31745549

2630 NE Vivion Rd, Kansas City, MO 64119 For Sale

PF
IL 475118789
Matthews
GK
IL 475.216011
Matthews
Listed by Matthews
$3,321,000
79 days on market
Updated 40 days ago

Walgreens | Kansas City | New Parking Lot | 10% CAP

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 13,905
Cap Rate 10.00%
NOI $332,100
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Term 30.1
Lease Expiration 10/31/2029
Remaining Term 3.5
Rent Bumps No
Lease Options Eight, 5-Year
Price per SqFt $238
Class A
Year Built 1999
Buildings 1
Stories 1
Acreage 1.510
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 10/01/1999
Ground Lease No
Ownership Fee Simple

Walgreens | Strong Sales | 10.00% CAP

Marketing description

Walgreens at 2630 NE Vivion Rd, Kansas City, MO 64119 offers investors the opportunity to acquire a high-performing net-leased retail asset in the heart of Kansas City’s fast-growing Northland trade area. Positioned on a prime signalized corner with visibility to approximately 42,000 vehicles per day and immediate access to US-69, US-169, and I-35, the property benefits from exceptional exposure and regional connectivity. This ±13,905 SF Walgreens sits on 1.51 acres and is backed by strong reported store sales, an estimated rent-to-sales ratio under 4%, and more than 20,000 monthly visitors. Location analytics rank the store among the top-performing Walgreens locations nationally, in Missouri, and across Kansas City. Surrounded by major national retailers and key demand drivers, the site is less than one mile from North Kansas City Hospital, a 451-bed medical campus with 3,000+ employees, generating steady healthcare-driven traffic. The property also benefits from strong area demographics, including more than 142,000 residents within five miles and average household incomes approaching $90,000 within three miles. With fee simple ownership, a NNN lease structure, and a nationally recognized essential retailer, this is a compelling passive investment opportunity.

Investment highlights

STRONG STORE SALES PERFORMANCE

Tenant reports strong sales with an estimated rent-to-sales ratio below 4%, indicating healthy store-level profitability.

TOP-PERFORMING LOCATION

AlphaMap ranks this Walgreens in the top 10% nationally (90th percentile) and top 6% in Missouri (94th percentile), attracting 20,000+ monthly visitors, placing it among the highest-traffic stores in the U.S.

SIGNALIZED INTERSECTION | HIGH VISIBILITY (±43,473 VPD)

Prominent corner location at Antioch Rd and US-69, with strong exposure and convenient access to US-169 and I-35, supporting regional connectivity.

HEALTHCARE-DRIVEN TRAFFIC

Less than 1 mile from North Kansas City Hospital (451 beds, 3,000+ employees) and the closest national drugstore to the hospital, driving consistent traffic from staff, patients, and visitors.

KANSAS CITY MSA LOCATION

Located approximately 7 miles from downtown Kansas City within the 31st-largest U.S. metro (2.2M+ residents), supported by a diverse and growing economic base.

MAJOR EMPLOYMENT HUB

Surrounded by key employers including Cerner/Oracle Health, Ford Claycomo (7,000+ employees), and the Kansas City CBD, along with nearby hospitality, logistics, and service industry employment.

STRONG NORTHLAND DEMOGRAPHICS

Located in the fast-growing Northland submarket, with 6.8% population growth over the past five years, 142,638 residents within 5 miles, and $89,833+ average household income within 3 miles, supporting strong retail demand.

Listing Contacts

PF
IL 475118789
Matthews
GK
IL 475.216011
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$332,100.00
$27,675.00/mo

Valuation Metrics

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Cap Rate
10%
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Additional Information

Name
Kyle Matthews
License
2017010164, 2022018843 (MO)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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