600 Court St - Drug Store FOR SALE


Fulton, MO 65251
$1,575,000 USD
440-915-7902
600 Court St, Fulton, MO for Sale
$1,575,000 USD
Drug Store - FOR SALE
1/14
null | 7.3% Cap Rate

600 Court St
Fulton, MO 65251


HIGHLIGHTS

  • Corporately-Backed, Investment Grade CVS (NYSE: CVS/S&P “BBB”/Moody’s “Baa3”) Positioned in Fulton, Part of the Jefferson City, Missouri MSA
  • 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
  • Minimal Responsibilities: Tenant Responsible for All Daily Management, While Landlord is Only Responsible for Roof/Structure
  • Significant Healthcare Industry in Local Economy: Fulton’s Largest Employer Being Fulton State Hospital with 980 Employees
  • Student & Staff Draw: Westminster College (0.5 Miles, 600+ Students and 180+ Staff) & William Woods University (1 Mile, 2,000+ Students and 200 Staff)

OVERVIEW

Fulton is centrally located within Missouri and offers convenient access to Interstate 70 (7 miles north) and U.S. Route 54 (1.5 miles). Interstate 70 travels across the state and is the direct route from St. Louis to Kansas City. The city is also the seat for Callaway County, home to the Callaway County Chamber of Commerce, and boast a thriving downtown called the Brick District. CVS is located in the Brick District in Downtown Fulton, where residents and visitors can shop, eat and play locally. Peruse one-of-a-kind boutiques, eat award-winning dishes, and enjoy live entertainment and annual events. Another great attribute of the community is being positioned with close proximity to Jefferson City located about 22 miles northeast of Fulton and is part of the Jefferson City MSA, the capital of Missouri. Additionally, the Missouri River is just 20 miles south and offers loads of recreation and just east of Columbia (20 miles), home to the University of Missouri.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Small Price Point, Investment Grade CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

13-04.0-17.0-10-032-002.000

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.