Drug Store Retail
10050 Woodland Rd Lenexa, KS 66220
For Sale
Contact for pricing
For sale drug store retail property with a specified three-year rent holiday period included in the pricing.
Property Size13,225 SF
Price / SF$365.07
Days on Market100
Property Features for 10050 Woodland Rd
General Information
- Standard status
- Active
- Size
- 13,225 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing Agency:
Net Leased Advisors
Listed By:
Matt Ragland · License #TX 646825
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 9:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Net Leased Advisors
Investment Insights
Based on property information with market context.
This for-sale drug store retail property is offered with a rent holiday structure stated in the public remarks. The rent holiday runs from 2/2032 through 1/2035, described as a three-year period, and the list price is inclusive of the rent credit for the rent holiday.
The property is located at 10050 Woodland Rd in Lenexa, Kansas 66220.
Additional property details beyond the rent holiday terms were not provided, so interested parties should request offering materials for further information regarding the building and space configuration.
The property is located at 10050 Woodland Rd in Lenexa, Kansas 66220.
Additional property details beyond the rent holiday terms were not provided, so interested parties should request offering materials for further information regarding the building and space configuration.
Key Highlights
- Drug store retail property built in 2009
- Includes a 3‑year rent holiday from 2/2032 to 1/2035
- Pricing is inclusive of the rent credit for the rent holiday period
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.4k | $14.40 |
| − Vacancy | −$7.8k | −$0.59 |
| EGI | $182.6k | $13.81 |
| − OpEx | −$45.7k | −$3.45 |
| NOI | $137.0k | $10.36 |
13,225 SF · lease $14.40/SF/yr · vacancy 4.10% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.96M
$1.71M – $2.28M
NOI $136,974 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,842 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$3.20M
$2.80M – $3.73M
NOI $224,049 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
FAQs
What type of property is this?
Drug store - For sale drug store retail property with a specified three-year rent holiday period included in the pricing.
Where is this drug store located?
The property is located at 10050 Woodland Rd Lenexa, KS.
What is the asking price?
The asking price for this property is $4,828,000.
What are key features of this property?
This property features: Drug store retail property built in 2009; Includes a 3‑year rent holiday from 2/2032 to 1/2035; Pricing is inclusive of the rent credit for the rent holiday period
