18351 W 119th St - Freestanding FOR SALE


Olathe, KS 66061- Millcreek
$5,337,956 USD
404-551-2068
18351 W 119th St, Olathe, KS for Sale
$5,337,956 USD
Freestanding - FOR SALE
1/4
null | 6.75% Cap Rate

18351 W 119th St
Olathe, KS 66061
Millcreek


HIGHLIGHTS

  • Bondable NNN Lease
  • CVS HealthHub
  • Strong Traffic Count
  • Investment Grade Credit Tenant
  • Excellent Location & Visibility
  • $112,317 Household Income

OVERVIEW

The Net Lease Group is proud to exclusively offer for sale the fee simple interest in a freestanding CVS retail store, with a CVS HealthHUB located at the southwest corner of W 119th Street and Ridgeview Road in Olathe, Kansas. The offering consists of the fee simple interest in a freestanding retail store constructed in the affluent, densely populated Kansas City suburb of Olathe. Occupied by CVS since 2006, the ± 11,000 square foot Property sits on a ± 1.50-acre parcel at the southwest corner of 119th Street and Ridgeview Road, which provides maximum visibility to over 28,000 cars each day. CVS has approximately 6.25 years remaining on the initial lease term. The offering provides prospective investors the opportunity to purchase an institutional quality asset, generating stable, predictable cash flow in a rapidly growing suburban Kansas City market.

FOR SALE DETAILS

PRICE

$5,337,956 USD

PRICE/SF

$485 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

CP3

APN/PARCEL ID

DP16370000-0001

ASK ABOUT THIS PROPERTY

Esmael HillThe Net Lease GroupMore Info
404-551-2068

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Esmael HillThe Net Lease GroupMore Info
404-551-2068

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