Kansas City MSA | Strategic Market Location | Abs NNN
Retail | 9.00% CAP | 14,463 SqFt
Marketing description
We are pleased to market for sale the Walgreens property located at 2900 S 4th St, Leavenworth, KS 66048 (“The Property”). Walgreens has been operating at this location for 17 years and has 8 and a half years remaining on its lease. Walgreens operates on an absolute triple net lease, which provides for no landlord obligations whatsoever.
The Property benefits from limited drugstore competition, with the nearest Walgreens located over 8.5 miles away (25-minute drive), positioning this site as a primary pharmacy provider for the surrounding market.
Additionally, the Property holds a strategic geographic advantage, located across the street from a CVS store and serving as the last Walgreens for over 36 miles heading north out of Kansas City and the last Walgreens for over 130 miles west of the Missouri River, reinforcing its importance within the regional trade area.
The Property is located less than 0.5 miles from both Saint John Hospital and the Dwight D. Eisenhower VA Medical Center, making it the closest pharmacy location to these major healthcare providers. These facilities generate consistent prescription demand and drive daily traffic to the site.
Fort Leavenworth, located 4 miles north, is a major U.S. Army installation spanning 5,600 acres and home to the U.S. Army Combined Arms Center, supporting a large population of military personnel, civilian employees, and contractors. Additionally, the University of Saint Mary, located less than 0.25 miles south, offers more than 30 undergraduate and graduate programs.
Listed in conjunction with Brian Brockman, Bang Realty - Kansas Inc, 513-898-1551, [email protected], KS DRE Lic. 239819.
Investment highlights
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- The property benefits from limited drugstore competition, with the next nearest Walgreens store being a 25-minute drive across the state line, over 8.5 miles away.
- Located across the street from a CVS store and is the last Walgreens leaving Kansas City to the north for over 36 miles and the last Walgreens west of the Missouri River for 132 miles.
- The property is located less than a half mile from Saint John Hospital and Dwight D. Eisenhower VA Medical Center, serving as the closest Walgreens location.
- Situated 4 miles to the north, Fort Leavenworth is the second oldest active U.S. Army post west of Washington D.C., spanning 5,600 acres and home to the United States Army Combined Arms Center.
- Less than a quarter of a mile south, the University of Saint Mary offers more than 30 undergraduate and master's programs.
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