Walgreens $2.2M | #1 Store in 30 Mi Radius 2001 S Main St 13,500 SF Retail Building Joplin, MO 64804 $2,200,000 ($162.96/SF) 7.50% Cap Rate

We are pleased to market for sale the Walgreens property located at 2001 South Main Street in Joplin, Missouri ("The Property"). Walgreens has been operating at this location for over ±27 years and has over 4 years remaining on the primary term. Walgreens signed a 10-year lease extension in 2019, demonstrating their commitment to the site. According to Placer.AI, the subject property is the #1 most visited Walgreens in a 30-mile radius (amongst 8 other Walgreens locations). This opportunity allows investors to purchase a high-yield Walgreens asset with a long operating history in a growing market.
Located 2 miles East, the Prospect Village Development is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area. Freeman Health Systems is the largest employer in Joplin, with over 3,600 employees and Joplin serves as a central medical hub for the surrounding market. Freeman Hospital West (1.8 Mi SW) and Freeman Hospital East (1.7 Mi SE) combine for over 410 beds and provide a strong customer base for the store's pharmacy segment.
Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.