Single-Tenant Walgreens Drug
2001 South Main Street Joplin, MO 64804
For Sale
Contact for pricing
Walgreens has operated at this site for over 25 years with approximately 3.5 years remaining on the primary term.
Property Size13,500 SF
Price / SF$140.74
Days on Market25
Property Features for 2001 South Main Street
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Jun 29
Changed: Jul 23
Last Checked: Jul 23 at 8:56AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
A for-sale single-tenant Walgreens property located at 2001 South Main Street in Joplin, Missouri. Walgreens has operated at the location for over 25 years and currently has approximately 3.5 years remaining on the primary lease term. The lease was extended with a 10-year extension signed in 2019, reflecting long-term commitment to the site.
According to Placer.AI, the subject property ranks 1st in most visited Walgreens in a 30-mile radius among seven other Walgreens locations. The area is supported by major healthcare employment, with Freeman Health Systems described as the largest employer in Joplin with over 3,600 employees. Freeman Hospital West and Freeman Hospital East combine for over 410 beds and provide a substantial customer base for the pharmacy segment. Additionally, Prospect Village Development, located about 2 miles east, is described as a new $375 million mixed-use project incorporating retail, multi-family, hospitality, and sports complexes.
According to Placer.AI, the subject property ranks 1st in most visited Walgreens in a 30-mile radius among seven other Walgreens locations. The area is supported by major healthcare employment, with Freeman Health Systems described as the largest employer in Joplin with over 3,600 employees. Freeman Hospital West and Freeman Hospital East combine for over 410 beds and provide a substantial customer base for the pharmacy segment. Additionally, Prospect Village Development, located about 2 miles east, is described as a new $375 million mixed-use project incorporating retail, multi-family, hospitality, and sports complexes.
Key Highlights
- Walgreens property at 2001 South Main Street, Joplin, MO; operating for over 25 years
- Approximately 3.5 years remaining on the primary lease term
- 10‑year lease extension signed in 2019
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 | $189.5k | $14.04 |
| − Vacancy | −$7.6k | −$0.56 |
| EGI | $182.0k | $13.48 |
| − OpEx | −$45.5k | −$3.37 |
| NOI | $136.5k | $10.11 |
13,500 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.27M
NOI $136,469 @ 7.0% cap · market cap 7.18%
Second Best
Retail
$1.82M
$1.59M – $2.12M
NOI $127,371 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,120 @ 7.0% cap · market cap 15.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar Off Market Nearby
- QuickMeds Pharmacy - Joplin — 1102 West 32nd Street Freeman Hospital West, 2nd floor, Joplin, MO 64804
- Ralph B. Hamilton, RPH — Joplin, MO 64804
- Brad A. Cosens, RPh — 3415 McIntosh Cir Dr, Joplin, MO 64804
- Walgreens Pharmacy — 3222 S Main St, Joplin, MO 64804
- COVID-19 Drive-Thru Testing at Walgreens — 3222 S Main St, Joplin, MO 64804
FAQs
What type of property is this?
Drug store - Walgreens has operated at this site for over 25 years with approximately 3.5 years remaining on the primary term.
Where is this drug store located?
The property is located at 2001 South Main Street Joplin, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Walgreens property at 2001 South Main Street, Joplin, MO; operating for over 25 years; Approximately 3.5 years remaining on the primary lease term; 10‑year lease extension signed in 2019
