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CVS- With Rent Increases 1018 N Jesse James Rd

3,206 SF Retail Building Excelsior Springs, MO 64024 £1,446,500 (£451/SF) 6% Net Initial Yield

Investment Highlights

  • Low price point for Investment Grade Tenant (S&P: BBB)
  • Minimal Landlord Responsibilities
  • Strategically  located  within 1 mile of Excelsior Springs Hospital with limited to No Pharmacy competition
  • Corporate Guarantee by CVS Corpora??on
  • Long Term Lease(9 years) with options to renew
  • 5% rent increase every ?ve years

Executive Summary

Triple Net Investment Group is pleased to present an opportunity to purchase a CVS located in Excelsior Springs, Missouri. This CVS has a NOI of $110,000 , Rental increases of 5% every 5 years, with 7 years remaining on the lease term. The CVS building is 3,206 Sq ft with a lot size of 1.32 Acres.  This CVS  location has a long term occupancy and commitment to the site.  CVS Pharmacy having a S&P Rating of BBB+ makes  this a stable investment for years to come.

Broker of Record:
Tom Palitzsch
Broker Owner
Thomas Realty Group LLC
300 South Second Street, St. Charles, Missouri 63301

Attachments

CVS-Excelisor-Springs 6 Cap

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,206 SF
Building Class
C
Year Built
2009
Price
£1,446,500
Price Per SF
£451
Net Initial Yield
6%
NOI
£86,790
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.32 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C-3
1 of 1

PROPERTY TAXES

Parcel Number 12-306-00-25-036.00 Improvements Assessment £0
Land Assessment £0 Total Assessment £116,796

PROPERTY TAXES

Parcel Number
12-306-00-25-036.00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£116,796
(202) 361-3050

  • Listing ID: 26469911

  • Date on Market: 23/08/2022

  • Last Updated:

  • Address: 1018 N Jesse James Rd, Excelsior Springs, MO 64024

The Retail Property at 1018 N Jesse James Rd, Excelsior Springs, MO 64024 is currently available For Sale. Contact Triple Net Investment Group Inc. for more information.

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1018 N Jesse James Rd, Excelsior Springs, MO for sale Building Photo- Image 1 of 9
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1018 N Jesse James Rd, Excelsior Springs, MO for sale Building Photo- Image 2 of 9
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1018 N Jesse James Rd, Excelsior Springs, MO for sale Building Photo- Image 3 of 9
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1018 N Jesse James Rd, Excelsior Springs, MO for sale Building Photo- Image 4 of 9
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1018 N Jesse James Rd, Excelsior Springs, MO for sale Primary Photo- Image 5 of 9
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© 2024 CoStar Group

CVS- With Rent Increases | 1018 N Jesse James Rd
(202) 361-3050 x

CVS- With Rent Increases | 1018 N Jesse James Rd

Robert Gamzeh

(202) 361-3050

(202) 361-3050

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