CVS Pharmacy for Sale in Kansas City, KS
Kansas City, KS
Key Investment Metrics
Price
$4,293,333
Cap Rate
6.8%
Net Operating Income
$289,800
Building Size
8400 SF
Land Area
0.88 Acres
Remaining Term
14.2 years
Lease Expiration
09/30/2040
Lease Term
17 years
Lease Commencement
09/29/2023
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2012
Occupancy
100%
Tenancy
Single
Rent Increases
Years 1-6: $289,800; Years 7-12: $324,576; Years 13-17: $357,000; Option 1 (Years 18-22): $392,700;
Property overview
CVS Pharmacy in Kansas City
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 8,400 SF
- Land area
- 0.88 acres
- Year built
- 2012
- Lease type
- NNN
- Lease expiration
- 09/30/2040
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.