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DOM: 12 Updated: 06.16.25 Posted: 06.16.25 Status: Active    

Summary

Price $3,885,350
Built/Renov 2004
Tenant Walgreens
Cap Rate 7.85%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 10-02-2024
#Units 12,500
Price/SF $266.85
Expiration 11-30-2029
Tenant Type Pharmacy
NOI $305,000
R. Term 4.5
Ownership Fee Simple
Rent/SF $20.95
Increases 0.0%/0/yrs
Pop 5Mi 29,534
Lot/AC 1.27
Options 10/5yrs
AHHI 5Mi $163,997

Highlights

  • Walgreens has 4+ years remaining on the current lease term with 10 (5-year) options to extend
  • The lease features 0% rental increases 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on E 4th Street in a high-traffic corridor just off I-44 and MO-109, featuring two access points and prominent frontage along E 4th Street. This prime retail site is anchored by Walgreens and positioned near major national retailers including Walmart, Schnucks, Target, and Lowe’s, driving consistent consumer traffic. The property sits within a rapidly growing...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Listing Broker

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