10050 Woodland Dr - Drug Store FOR SALE


Lenexa, KS 66220
$5,646,500 USD
512-468-4031
10050 Woodland Dr, Lenexa, KS for Sale
$5,646,500 USD
Drug Store - FOR SALE
1/19
null | 7.69% Cap Rate

10050 Woodland Dr
Lenexa, KS 66220


HIGHLIGHTS

  • LONG TERM LEASE (8.50 YEARS) Primary Term expires 1/31/2035. CVS has operated from this location since 2010.
  • ABSOLUTE NET BOND LEASE No Landlord Responsibilities
  • The lease is corporate guaranteed by CVS Health Corporation.
  • KANSAS CITY M.S.A. The second largest M.S.A. in Kansas with an estimated population of over 2.2 million residents.
  • STRONG DEMOGRAPHICS Average Household Income in a 1-mile radius is $198,646 in a population of 148,937 in a 5-mile radius.
  • HIGH TRAFFIC COUNTS Approximately 15,000 Vehicles Per Day.

OVERVIEW

RENT HOLIDAY: (2/2032 - 1/2035) - Seller to credit 100% of the future free rent period via US Treasuries at closing or cash equivalent ($1,000,000)

FOR SALE DETAILS

PRICE

$5,646,500 USD

PRICE/SF

$427 USD /SF

CAP RATE

7.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

Retail

APN/PARCEL ID

IP23420000-0001

ASK ABOUT THIS PROPERTY

Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

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Matt RaglandNet Leased AdvisorsMore Info
512-468-4031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.