3200 SW State Route 7 - Drug Store FOR SALE


Blue Springs, MO 64014
$3,711,333 USD
619-297-0055
3200 SW State Route 7, Blue Springs, MO for Sale
$3,711,333 USD
Drug Store - FOR SALE
1/2
null | 7.5% Cap Rate

3200 SW State Route 7
Blue Springs, MO 64014


OVERVIEW

•Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location. •Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD). •Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000. •Purchaser has the option to assume the current in place financing with an interest rate of 3.50%. The current balance of the loan is approximately $2,118,271 as of March 2025. Purchaser will be responsible for the 0.25% assumption fee. •Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years. Listed in conjunction with Brian Brockman, Bang Realty - Missouri Inc, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771. This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.

FOR SALE DETAILS

PRICE

$3,711,333 USD

PRICE/SF

$255 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Recent Commitment from Tenant 101k HH Income

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

GP, Blues Springs

APN/PARCEL ID

41-430-01-02-01-0-00-000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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