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CVS 8421 Prairie View Rd

12,900 SF Retail Building Kansas City, MO 64153 $5,094,533 ($395/SF) 5.25% Cap Rate

Investment Highlights

  • Investment Grade Guarantee
  • Hard Corner Location, Excellent Interstate Access
  • 17-Year Operating History, Recent Lease Extension
  • Outparcel to 1M SF Super Regional Mall
  • Zero Landlord Responsibilities
  • Strong Demographics

Executive Summary

Northmarq, on behalf of ownership as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the CVS Pharmacy property located at 8421 Northwest Prairie View Rd, Kansas City, MO. There are over 16 years remaining on CVS’ Absolute NNN lease with no landlord responsibilities. The property is located within Kansas City, Missouri in the Kansas City metro; more than 105,000 people are located within 5 miles of the subject property and the property is located on a hard corner, with signalized intersection traffic counts of over 19,000 vehicles per day.
CVS Health Corp. (NYSE: CVS) operates more than 9,000 locations in the United States and employs approximately 300,000 employees across all 50 states, Washington D.C., and Puerto Rico generating over $357 billion in total revenues. The company is listed in Forbes Magazine as one of the world’s most valuable brands and ranks number 6 on the Fortune 500 list. CVS Health has an investment grade credit rating by all major rating agencies including a BBB rating with a stable outlook from Standard & Poor’s.

Attachments

Download OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,900 SF
Building Class
C
Year Built
2007
Price
$5,094,533
Price Per SF
$395
Cap Rate
5.25%
NOI
$267,463
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Land Acres
1.59 AC
Zoning
RT - Retail Trade
Parking
60 Spaces (4.65 Spaces per 1,000 SF Leased)
Frontage
120 FT on Prairie View Rd

Nearby Major Retailers

UMB Bank
Chase
Buffalo Wild Wings
Famous Dave's
Granite City Food &  Brewery
Red Robin
On The Border
Chili's
Bank of America
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20-10-12-100-004-015-000
Land Assessment
$478,400
Improvements Assessment
$550,256
Total Assessment
$1,028,656
  • Listing ID: 33434384

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 8421 Prairie View Rd, Kansas City, MO 64153

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