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Walgreens

$5,804,195

13000 U. S. Highway 71, Grandview, MO 64030

Active
Last Updated: 11/30/2023

7.49

Cap Rate

434,700

NOI

Details:
Cap Rate:    7.49%
NOI:    $434,700
Building Size:    14,490 sqft
Lot Area:    1.34 acres
Highlights:
  • NN Lease With Minimal Landlord Responsibilities
  • Long-Term Occupancy with Tenant Having Over 23 Years at the Site
  • Lease Supports 9, 5-Year Options
  • Positioned at the Signalized Intersection of S U.S. Hwy 71 (88,600+ VPD) and Main Street (22,000+ VPD)
  • Excellent Visibility with Frontage and Signage Along Main Street and S U.S. Hwy 71
  • Located Along a Retail Corridor and Surrounded by National Retailers Including Burger King, McDonald's, Starbucks, Taco Bell and Many More
  • Corporate Guarantee From Walgreens Co. | Over 8,700 Locations Across the U.S. | Subsidiary of Walgreens Boots Alliance NASDAQ: WBA
Description:

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Grandview is a city in Jackson County, Missouri. The population was 24,475 at the 2010 census. It is part of the Kansas City metropolitan area. Johnson County, Kansas contains many municipalities with a population of 609,863. It has the largest economy in the metropolitan area and is the fastest growing county by total population. Municipalities include Overland Park, Olathe, Shawnee, Leawood, Lenexa, Prairie Village, Gardner, Merriam, Mission, Roeland Park, Fairway, Lake Quivira, Mission Hills, Mission Woods, Westwood, and Westwood Hills. Corporate headquarters include Garmin, Black & Veatch, and AMC Theatres, and the secondary headquarters of T-Mobile. Many local area attractions and shopping districts are in Johnson County, such as Oak Park Mall, Town Center Plaza, and Prairie Fire.

The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With 8,472 square miles and a population of more than 2.2 million people, it is the second-largest metropolitan area centered in Missouri (after Greater St. Louis) and is the largest metropolitan area in Kansas, though Wichita is the largest metropolitan area centered in Kansas. Alongside Kansas City, Missouri, these are the suburbs with populations above 100,000: Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; Independence, Missouri; and Lee's Summit, Missouri.

Business enterprises and employers include Cerner Corporation (the largest, with almost 10,000 local employees and about 20,000 global employees), AT&T, BNSF Railway, GEICO, Asurion, T-Mobile, Black & Veatch, AMC Theatres, Citigroup, Garmin, Hallmark Cards, Waddell & Reed, H&R Block, General Motors, Honeywell, the Ford Kansas City Assembly Plant, The Kansas City Star, Bayer, Children's Mercy Hospital, Truman Medical Center-Hospital Hill, and Andrews McMeel Universal. Shopping centers include City Market, Crown Center, Country Club Plaza, Independence Center, Legends Outlets Kansas City, Oak Park Mall, Ward Parkway Center, and Zona Rosa.

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