Listed by Matthews
$3,321,000
Walgreens Kansas City - Brand New Parking Lot
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 13,905
Net Rentable (SqFt) 13,905
Cap Rate 10.00%
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Expiration 10/31/2029
Remaining Term 3.5
Price per SqFt $238
Class A
Year Built 1999
Acreage 1.510
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/1999
Ground Lease No
Brand New Parking Lot | Walgreens | Top 10% National Performance in Kansas City
Marketing description
Walgreens at 2630 NE Vivion Rd, Kansas City, MO 64119 offers investors the opportunity to acquire a high-performing, fee-simple retail asset in one of North Kansas City’s most active commercial corridors. This ±13,905 SF Walgreens sits on 1.51 acres at a prime signalized intersection with exposure to approximately 42,000 vehicles per day, providing exceptional visibility and access.
Positioned less than one mile from North Kansas City Hospital and surrounded by major employers, national retailers, and dense residential growth, the property benefits from strong daily traffic and consistent consumer demand. The location is further supported by excellent area demographics, including a 5-mile population of more than 142,000 and average household income of nearly $90,000 within 3 miles.
The asset is backed by an established Walgreens lease structure and demonstrates exceptional store performance, ranking among the top-performing Walgreens locations nationally and in Missouri. Located just 7 miles from Downtown Kansas City within the 2.2 million-plus resident MSA, this offering combines strong real estate fundamentals, essential retail tenancy, and long-term market relevance in a growing regional hub.
Investment highlights
- Strong sales – Tenant reports strong sales with an estimated rent-to-sales ratio of 4%.
- Kansas City MSA – Located 7 miles from downtown Kansas City, the metro is the 31st-largest in the U.S. with 2.2M+ residents and benefits from a strong economic base, diverse employment, and continued population growth.
- Signalized intersection & high visibility – Prime signalized corner with exposure to ±43,473 VPD on Antioch Rd and US-69. Minutes from US-169 and I-35, providing easy access throughout North Kansas City and the broader metro.
- Strong demographics – Located in the fast-growing Northland area, which saw 6.8% population growth over the past five years. The 5-mile population exceeds 142,638, and the 3-mile average household income is $89,833+, supporting strong retail demand.
- 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, generating consistent daily traffic from staff, patients, and visitors.
- Major employment hub – Surrounded by key employers including Cerner/Oracle Health, Ford Claycomo (7,000+ employees), and the Kansas City CBD. Additional nearby employers include Harrah’s Casino & Hotel and multiple logistics and service industry facilities.
- Exceptional store performance – AlphaMap data ranks this Walgreens among the top performers: top 10% nationally (90th percentile), top 6% in Missouri (94th percentile), and attracting 20,000+ monthly visitors—placing it among the highest-traffic Walgreens in the U.S.
Listing Contacts
Listed by Matthews
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UR SpecialUrban Redevelopment
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