Walgreens NNN Lease Investment
1214 W Foxwood Dr, Raymore, MO 64083
For Sale
Contact for pricing
NNN leased Walgreens with six years remaining in Raymore, MO.
Property Size14,500 SF
Price / SF$278.75
Days on Market285
Property Features for 1214 W Foxwood Dr
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Tenancy
Listing Agency:
Marcus & Millichap
Listed By:
Cole Skinner · License FL SL3407088
Source:
Crexi
Added: Jan 29
Changed: Oct 26
Last Checked: Nov 8 at 6:15AM
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 Marcus & Millichap
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is an absolute NNN leased Walgreens store with 6 years remaining on the lease and ten, five-year options left. The store is a 14,500 square foot prototype. The lease is corporately guaranteed by Walgreens Boots Alliance, Inc. The property is positioned on a hard corner at a signalized intersection with strong visibility and traffic counts exceeding 25,000 vehicles per day. It is located on a main retail corridor with national tenants including McDonald’s, Chick-Fil-A, Taco Bell, Culver’s, Lowes, Whataburger, Wendy’s, Dairy Queen, Walmart Supercenter, Tractor Supply, Sam’s Club, and Anytime Fitness. The site is one mile from I-49, directly on Highway 58. In 2024, the tenant invested more than $700,000 in renovations to the parking lot, curbs, and sidewalks. The closest Walgreens in Belton, MO, was closed in 2024 as part of an apparent consolidation effort to this location. The property is less than 23 miles from downtown Kansas City, and Raymore is part of the Kansas City MSA with over 2.2 million people. Raymore has consistently been one of the fastest-growing cities in Missouri and was the 66th fastest-growing city in the United States in 2024, according to the US Census. There are more than 35,700 people within a three-mile radius and more than 71,000 people within a five-mile radius. The store is surrounded by a strong residential presence, including newly built homes and apartments. The S&P credit rating is BB.
Key Highlights
- Absolute NNN Lease with 6 Years Remaining and Ten, Five Year Options Left provides a stable, long‑term investment.
- Corporately Guaranteed Lease (Walgreens Boots Alliance, Inc.) ensures financial security.
- High‑Visibility Hard Corner Location at a Signalized Intersection with strong traffic counts (25,000+ VPD) maximizes exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,341
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,820
$2.9M
Cap Rate 7%
$2,104,871
$2.1M
Cap Rate 9%
$1,637,122
$1.6M
Market Conditions
NOI Build-Up for 14,500 SF
Gross rent
$203.6K $14.04/SF
− Vacancy
−$7.1K −$0.49/SF
EGI
$196.5K $13.55/SF
− OpEx
−$49.1K −$3.39/SF
NOI
$147.3K $10.16/SF
Area
Cass County, MO
Vacancy
3.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,946,820
Cap Rate 7%
$2,104,871
Cap Rate 9%
$1,637,122
Alternative Uses
Best Use
Specialty Retail
$2.10M
$1.84M – $2.46M
NOI $147,341 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$2.02M
$1.76M – $2.35M
NOI $141,191 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$3.27M
$2.86M – $3.81M
NOI $228,845 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
40k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 93%
Shops & Services 4%
Beauty & Spa 4%
McDonald's
Dining
18,284 visits/mo
0.1 miles
Taco Bell
Dining
9,903 visits/mo
0.3 miles
HTeaO
Dining
4,088 visits/mo
0.5 miles
Taste of China
Dining
2,881 visits/mo
0.4 miles
SUBWAY
Dining
2,092 visits/mo
0.1 miles
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- CVS Pharmacy — 1215 W Foxwood Dr, Raymore, MO 64083
- Thuhang Nguyen — 1215 W Foxwood Dr, Raymore, MO 640838301
- CVS — 1215 W Foxwood Dr, Raymore, MO 64083
- COVID-19 Drive-Thru Testing at Walgreens — 1214 W Foxwood Dr, Raymore, MO 64083
- Walgreens Pharmacy — 1214 W Foxwood Dr, Raymore, MO 64083
Frequently Asked Questions
What type of property is this?
Drug store - NNN leased Walgreens with six years remaining in Raymore, MO.
Where is this drug store located?
The property is located at 1214 W Foxwood Dr Raymore, MO.
What is the asking price?
The asking price for this property is $4,041,879.
What are key features of this property?
This property features: Absolute NNN Lease with 6 Years Remaining and Ten, Five Year Options Left provides a stable, long‑term investment.; Corporately Guaranteed Lease (Walgreens Boots Alliance, Inc.) ensures financial security.; High‑Visibility Hard Corner Location at a Signalized Intersection with strong traffic counts (25,000+ VPD) maximizes exposure.
