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Views: 42 DOM: 93 Updated: 05.20.24 Posted: 03.11.24 Status: Active

Summary

Price $4,696,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 7.10%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,500
Lease Start 02-26-2007
#Units 13,532
Price/SF $323.86
Expiration 02-27-2032
Tenant Type Pharmacy
NOI $333,455
R. Term 7.8
Ownership Fee Simple
Rent/SF $23.00
Increases 0.0%/0/yrs
Pop 5Mi 70,038
Lot/AC 1.44
Options 10/5yrs
AHHI 5Mi $91,952

Lease Highlights

  • Walgreens has been operating in this location since 2007
  • The tenant has 7+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of W Foxwood Drive and N Fox Ridge Drive, with access to a combined daily traffic count of 13,700 vehicles. The property is conveniently located 1.5 miles off Interstate 49, a major interstate artery into the Kansas City metro area. Positioned in a dense retail and residential corridor, it is surrounded by...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,708 37,272 72,945
2023 Total Population : 9,298 35,832 70,923
2023 Employed Civilian Pop : 4,574 17,864 35,475
2023 Total Businesses : 246 836 1,341
2023 Average Household Income : $ 120,477 $ 112,337 $ 108,212
2023 Total Consumer Spending : $ 360 M $ 1313 M $ 2550 M
2023 Median Age : 39 39 38
2023 Total Households : 3,495 13,612 27,373
2023 Pop Age 25+: Bachelor's Degree : 1,518 5,487 10,709
2023 Average Home Value : $ 310,883 $ 278,006 $ 275,254
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Kelly Rd W Foxwood Dr 2011 4,545 0.03 mi
S Fox Ridge Dr Johnston Dr 2012 4,419 0.08 mi
W Foxwood Dr Johnston Blvd 2008 24,234 0.27 mi
West Foxwood Drive Clint Dr 2022 13,722 0.36 mi
W Foxwood Dr Mott Dr 2019 26,369 0.41 mi
W Foxwood Dr Mott Dr 2012 24,036 0.50 mi
Kentucky St 170th St 2015 2,720 0.92 mi
S Dean Rd Hickoryleaf Ln 2011 8,173 1.01 mi
State Hwy 58 N Madison St 2019 16,447 1.02 mi
North Madison Street Hwy 58 2022 8,562 1.03 mi

Listing Broker

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