320 E Lexington St - Drug Store FOR SALE


Richmond, MO 64085
$1,440,000 USD
440-915-7902
320 E Lexington St, Richmond, MO for Sale
$1,440,000 USD
Drug Store - FOR SALE
1/14
null | 7.29% Cap Rate

320 E Lexington St
Richmond, MO 64085


HIGHLIGHTS

  • Corporately-Backed, Investment Grade CVS (NYSE: CVS/S&P “BBB”/Moody’s “Baa3”) Positioned in the Heart of Richmond, a Suburb of Kansas City, Missouri
  • NNN Structure with 6 Years of Term Remaining and (5) 5-Year Renewal Options with 5% Increases Each Period
  • Leading Pharmacy Chain with 9,000+ Locations and Annual Revenue for 2024 of $372.8 Billion, Representing a 4.2% Increase Compared to the Previous Year
  • Newer 2016 Construction Positioned at Corner Location with Excellent Curb Appeal and Prominent Monument Signage
  • Minimal Management Responsibilities: Tenant Responsible for All Daily Management, While Landlord is Only Responsible for Roof/Structure
  • Surrounded by Established Residential Neighborhoods and Schools Offering Ideal Demographics: Average HH Incomes of Approx. $83,000 Within 5 Miles

OVERVIEW

The City of Richmond is the county seat of Ray County, Missouri, and part of the Kansas City MSA. The dynamic community is located at the intersection of Missouri Highways 10 and 13, just about 45 minutes from downtown Kansas City and less than one hour from Kansas City International Airport. Richmond offers many benefits of living and working in the county seat, between its central location to major highways and easy access for commuters and markets in Kansas City, or for work and shoppers, Richmond is a highly desirable place to live. State routes MO 210, MO 10 and MO 13 run through the city connecting it to the major economic center in Kansas City to the west and south to Interstate 70, approximately 20 miles. In addition, Richmond has access to rail service and seven barge lines that operate on the Missouri River shipping channel just a few miles away. Hunt Midwest’s SubTropolis, the world’s largest underground business complex hosts one of the largest Foreign Trade Zone spaces in the United States and easily accessible via MO 210.

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

7.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Small Price Point CVS|1.5 Miles from Hospital

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

10093101005017000

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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