CVS
Retail | 6.33% CAP | 16,904 SqFt
Investment highlights
LONG TERM NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Over 12 years remaining on an absolute NNN lease, zero landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
INVESTMENT-GRADE TENANT: The lease is corporately guaranteed by CVS Health, an investment-grade tenant rated BBB by S&P Global Ratings, providing durable cash flow and enhanced credit security.
STRONG & AFFLUENT DEMOGRAPHICS: The property is located within an affluent trade area with average household incomes of approximately $96,000 within a 5-mile radius and over 90,000 households, supporting strong consumer spending and long-term tenant demand.PRIME LOCATION: Situated along Nieman Rd W, a major commuter corridor, the property benefits from strong visibility and traffic counts of over 39,000 vehicles per day.
KANSAS CITY MSA LOCATION: The asset is positioned within the Kansas City MSA, a stable and diversified Midwest market with a broad employment base, favorable business climate, and consistent demographic growth drivers.
STRONG SURROUNDING RETAIL: The property is anchored by a complementary mix of high-traffic national retailers—including Chick-fil-A, Raising Cane’s, QuikTrip, and AutoZone—which collectively drive consistent daily traffic, reinforce the corridor’s retail strength, and enhance long-term tenant demand.
PROXIMITY TO EDUCATIONAL ANCHORS: The site is strategically located just 1.3 miles from both Shawnee Mission Northwest High School and Rhein Benninghoven Elementary School, collectively serving over 2,000 students and supported by approximately 130+ faculty and staff. This close adjacency provides a consistent daily population base, reinforces daytime traffic, and further enhances the strength and stability of the surrounding trade area.
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