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29481759

1214 W Foxwood Dr, Raymore, MO 64083

CS
FL FL SL3407088
Marcus & Millichap
Listed by Marcus & Millichap
$4,041,879
125 days on market
Updated 35 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,500
Cap Rate 8.25%
NOI $333,455
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 02/27/2032
Remaining Term 5.7
Lease Options Ten, Five Year Options
Price per SqFt $279
Year Built 2007
Investment Type Net Lease
Lease Commencement 02/26/2007

Retail | 8.25% CAP | 14,500 SqFt

Marketing description

Absolute NNN Lease with 6 Years Remaining (Ten, Five Year Options Left)

14,500 Square Foot Prototype Store

Corporately Guaranteed Lease (Walgreens Boots Alliance, Inc.)

Positioned on a Hard Corner at a Signalized Intersection with Strong Visibility and Traffic Counts (25,000+ VPD)

Located on a Main Retail Corridor With Countless National Tenants Including McDonald’s, Chick-Fil-A, Taco Bell, Culver’s, Lowes, Whataburger, Wendy’s, Dairy Queen, Walmart Supercenter, Tractor Supply, Sam’s Club, Anytime Fitness and More

Site is One Mile from I-49, Directly on Highway 58

Tenant Spent More Than $700,000 in Renovations the Parking Lot, Curbs and Sidewalks in 2024 Demonstrating Their Continued Commitment to this Store

Apparent Consolidation Effort to this Location as Closest Walgreen’s in Belton, MO was Closed in 2024

Property is Less Than 23 Miles from Downtown Kansas City (Raymore is Part of the Kansas City MSA – 2.2+ Million People)

Raymore Has Consistently Been One of the Fastest Growing Cities in Missouri and was the 66th Fastest Growing City in the United States in 2024 (US Census)

More Than 35,700 People Within a Three Mile Radius and More Than 71,000 People Within a Five Mile Radius

Store is Surrounded by a Strong Residential Presence Including Newly Built Homes and Apartments

S&P Credit Rating: BB

Listing Contacts

CS
FL FL SL3407088
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$333,455.00
$27,787.92/mo

Valuation Metrics

0
DSCR
8.25%
Cap Rate
8.25%
ROI

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Additional Information

Name
David Saverin
License
2008013520
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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