Listed by RE/MAX Heritage
$1,200,000
CVS - Richmond
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 3,183
Cap Rate 8.75%
NOI $105,000
Price per SqFt $377
Class B
Year Built 2016
Stories 1
Acreage 0.750
Ground Lease No
Sale Condition For sale by owner
Long term national tenant with corporate guaranty
Marketing description
This offering presents the opportunity to acquire a single tenant retail investment property located in Richmond, Missouri. The property is occupied by a long-term national tenant and provides stable income supported by a corporate guaranty.
Constructed in 2016, the building consists of approximately 3,183 square feet and sits on 0.75 acres with 180 feet of frontage along Lexington Street, offering strong visibility and convenient access.
The property is offered at $1,200,000, representing an 8.75% cap rate with an annual Net Operating Income of $105,000.
Investment highlights
- Long-Term National Tenant providing consistent occupancy and stability
- Corporate Guaranty supporting the lease and income stream
- Strong Cap Rate offering an attractive return compared to many single-tenant retail investments
- High Visibility Location with 180 feet of frontage on Lexington Street
- Strong Traffic Exposure along a primary commercial corridor serving the Richmond community
- Modern Construction (2016) reducing near-term capital improvement needs
- Single-Tenant Retail Investment allowing for straightforward ownership and management
- Established Retail Location serving both local residents and surrounding rural communities
- Growing Regional Market within commuting distance of the Kansas City metropolitan area
Listing Contacts
Listed by RE/MAX Heritage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo
Valuation Metrics
0
DSCR
8.75%
Cap Rate
8.75%
ROI
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