Walgreens

3915 S Noland Rd, Independence, MO 64055

$4,896,611

Cap Rate 7.85%

View OM

DOM: 5 Updated: 07.03.25 Posted: 07.03.25 Status: Active 07.03.25

Summary

Price $4,896,611	Built/Renov 2000	Tenant Walgreens
Cap Rate 7.85%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 15,120	Lease Start 05-05-2000	#Units 12,500
Price/SF $323.85	Expiration 08-31-2028	Tenant Type Pharmacy
NOI $384,384	R. Term 3.1	Ownership Fee Simple
Rent/SF $25.42	Increases 0.0%/0/yrs	Pop 5Mi 157,175
Lot/AC 1.60	Options 8/5yrs	AHHI 5Mi $79,482

BJ Feller

Northmarq

Contact

Highlights

Walgreens has 3+ years remaining on the current lease term, with eight (5-year) options to extend
This location has operated successfully for over 20 years, generating $3.10 million in annual sales and consistently outperforming the chain average
Favorable NN+ lease | landlord responsibilities roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located near the signalized intersection of S. Noland Road (24,663+ VPD) and East 39th Street South (8,715+ VPD), within a prime retail corridor in Independence, MO, anchored by national retailers such as Walmart Supercenter, Price Chopper, Hy-Vee, Advance Auto Parts, and Big Lots. The property experiences strong regional traffic as the closest Walgreens to...

...

Key Features

In location for years
Near major nationals
WalMart out-parcel
Strong demographics
Affluent AHHI $100K 5 Mi
Favorable NN+ lease
Top performing store
Traded and rated company
Over 2000 units backed
Investment grade tenant

...

Links

Walgreens Wikipedia Walgreens Wikipedia Independence, Missouri Zip code 64055 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Walgreens
Guarantor:Corp T and Rated
Company:Walgreens Boots Alliance
# Units:12,500
Tenant S&P: BB-
Moody’s: Ba3
Stock: NASDAQ: WBA

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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT