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CVS Pharmacy Drug Store
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13502 W 87th St Pkwy, Lenexa, KS 66215

True triple-net lease has 13.87 years remaining and ten five-year renewal options.

Property SizeContact for details
Days on Market142

Property Features for 13502 W 87th St Pkwy

General Information

Standard status Active
Property subtype Retail
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 4:16PM

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 SURMOUNT

Investment Insights

Based on property information with market context.

This CVS Pharmacy property at 13502 W. 87th Street Parkway in Lenexa, Kansas, is subject to a true triple-net lease with 13.87 years remaining. The lease assigns zero landlord responsibilities, providing a clearly defined ownership structure for the property.

The lease also includes ten five-year tenant renewal options. If fully exercised, those options extend the total lease term to 75 years. The property is offered for sale with the existing lease structure in place.

Key Highlights

  • CVS Pharmacy at 13502 W. 87th Street Parkway, Lenexa, Kansas
  • 13.87 years remaining on the true triple‑net lease
  • Zero landlord responsibilities under the lease

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith Catering Service Home Appliance Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

487
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 38% Dining 35% Shops & Services 24% Beauty & Spa 3%
Hy-Vee Groceries
42,424 visits/mo 0.2 miles
McDonald's Dining
18,363 visits/mo 0.2 miles
Dollar Tree Shops & Services
16,959 visits/mo 0.3 miles
Starbucks Dining
11,488 visits/mo 0.3 miles
FedEx Office Print & Ship Center Shops & Services
6,746 visits/mo 0.1 miles

Demographics for 66215, KS

26,351
Population
11,945
Households
2.2
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
8.1 sq mi
ZIP Area
3,253
Density / Sq Mi
$89,065
Median Household Income
$48,448
Median Earnings
$1,420
Median Rent
$311,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Lori Foote 13330 Santa Fe Trail Dr, Lenexa, KS 662154127
  • Home Care Equipment 9020 Rosehill Rd, Lenexa, KS 66215
  • CVS Pharmacy 13502 W 87th St Pkwy, Lenexa, KS 66215
  • CVS 13502 W 87th St Pkwy, Lenexa, KS 66215

Frequently Asked Questions

What type of property is this?
Drug store - True triple-net lease has 13.87 years remaining and ten five-year renewal options.
Where is this drug store located?
The property is located at 13502 W 87th St Pkwy Lenexa, KS.
What are key features of this property?
This property features: CVS Pharmacy at 13502 W. 87th Street Parkway, Lenexa, Kansas; 13.87 years remaining on the true triple‑net lease; Zero landlord responsibilities under the lease
(332) 345-4222 Call to check price and availability
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