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Marketing Description
Stan Johnson Company, on behalf of ownership, is pleased to offer for sale to qualified investors the 100% fee simple interest in this Walgreens property located at 1191 W Kansas St, Liberty, MO 64068 (the "property"). This location is reporting annual store sales in excess of $3 million, a figure considered well-above average for a Walgreens. There is a strong case of continued lease renewal at this location. The current lease has approximately five (5) years remaining in the primary term, with a 3.3% rental increase in the first of the 7, 5-year renewal options. The property is located on the hard corner of a primary retail corridor and experiences traffic of approximately 80,000 vehicles per day. Within a five-mile radius of the property, the population is approximately 77,638 with an average household income of $104,977.
Investment Highlights
- Investment-Grade Corporate Credit (S&P: BBB)
- High Reported Store Sales
- Hard Corner within Primary Retail Corridor (80K VPD)
- 5-Mile Demographics: $104K Average HHI & 77K Population
- Strong Submarket in Kansas City MSA
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