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Bonne Terre, MO - Walgreens

$1,097,000

903 Benham Street, Bonne Terre, MO 63628

Active
Last Updated: 05/31/2025

7.75

Cap Rate

85,000

NOI

Details:
Cap Rate:    7.75%
NOI:    $85,000
Building Size:    3,966 sqft
Description:

• The tenant, Walgreen Co., has approximately 4+ years remaining on its lease with 9 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent throughout the remainder of the term
• The tenant is currently paying low annual rent at $21 PSF

• The subject property is strategically located right off of US Highway 67, which averages over 17,000 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Casey’s, McDonald’s, Dairy Queen, Dollar General Market, Huddle House, Subway, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

Map:
Location
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