Single-Tenant Retail
320 East Lexington Street Richmond, MO 64085
320 East Lexington Street, Richmond, MO, 64085
Contact for pricing
For Sale
Contact for pricing
Single-tenant retail building constructed in 2016 with street frontage on Lexington Street in Richmond, Missouri.
Property Size3,183 SF
Lot Size0.75 Acres
Price / SF$377
Days on Market96
Property Features for 320 East Lexington Street
General Information
- Standard status
- Active
- Size
- 3,183 SF
- Lot size
- 0.75 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2016
Listing agency
RE/MAX Heritage
(816) 213-8176
Listed by
Jim Dollins · License #1999032833
Source
Crexi
Added: Apr 18 Updated: Jul 21 at 6:29AM Checked: Jul 21 at 6:29AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This single-tenant retail investment property is located in Richmond, Missouri, and is occupied by a long-term national tenant with support from a corporate guaranty. The building was constructed in 2016 and contains approximately 3,183 square feet.
The property sits on 0.75 acres and offers approximately 180 feet of frontage along Lexington Street, providing visibility and convenient access. The offering is for purchase at $1,200,000 and is underwritten to an 8.75% cap rate with annual Net Operating Income of $105,000.
The property sits on 0.75 acres and offers approximately 180 feet of frontage along Lexington Street, providing visibility and convenient access. The offering is for purchase at $1,200,000 and is underwritten to an 8.75% cap rate with annual Net Operating Income of $105,000.
Key Highlights
- Single‑tenant retail investment property built in 2016 in Richmond, MO
- Approximately 3,183 SF retail building on 0.75 acres
- 180 feet of frontage along Lexington Street with convenient street access
Local Financial Insights For 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 | $73.3k | $23.04 |
| − Vacancy | −$3.0k | −$0.94 |
| EGI | $70.3k | $22.10 |
| − OpEx | −$21.1k | −$6.63 |
| NOI | $49.2k | $15.47 |
3,183 SF · lease $23.04/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$703.3K
$615.4K – $820.5K
NOI $49,231 @ 7.0% cap · market cap 4.10%
Second Best
Specialty Retail
$615.5K
$538.6K – $718.1K
NOI $43,085 @ 7.0% cap · market cap 3.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CDReload Instant Bitcoin
Crypto Atm
CDReload at CVS
Crypto Atm
Red Cross Pharmacy
Pharmacy
Angela Anderson
Pharmacy
Similar For Sale Nearby
Similar Off Market Nearby
- C & C Discount Pharmacy — 508 Johnny Walker Ln Apt B, Richmond, MO 64085
- Red Cross Pharmacy — 320 E Lexington St, Richmond, MO 64085
- Susan E. Duffett, RPH — 401 Wollard Blvd, Richmond, MO 64085
- CVS — 320 E Lexington St, Richmond, MO 64085
- CVS Pharmacy — 320 E Lexington St, Richmond, MO 64085
FAQs
What type of property is this?
Drug store - Single-tenant retail building constructed in 2016 with street frontage on Lexington Street in Richmond, Missouri.
Where is this drug store located?
The property is located at 320 East Lexington Street Richmond, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Single‑tenant retail investment property built in 2016 in Richmond, MO; Approximately 3,183 SF retail building on 0.75 acres; 180 feet of frontage along Lexington Street with convenient street access
