Walgreens NNN Lease
4016 W 95th Street Overland Park, KS 66207
4016 W 95th Street, Overland Park, KS, 66207
$6,992,986
For Sale
$6,992,986
NNN leased Walgreens in high-traffic Kansas City area.
Property Size14,820 SF
Price / SF$471.86
Days on Market238
Property Features for 4016 W 95th Street
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing Agency
(310) 709-1723
Listed by
Dan Spell · License #CalDRE #01062917
(310) 709-1723
Source
Naiglobal
Added: Nov 21, 2025 Checked: Jul 17 at 5:16 am
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 Dan Spell
Investment Insights
Based on property information with market context.
Located in the Kansas City MSA, this property presents an opportunity for retail investors. Situated in Prairie Village, Kansas, the surrounding neighborhood benefits from a vibrant community and a strong consumer base. Prairie Village is a first-tier suburban city in Johnson County, Kansas, bordered by Overland Park, Kansas, and Kansas City, Missouri. The area has a high population and housing density compared to nearby suburbs. Development opportunities are limited, and older areas are subject to redevelopment pressures. The property features a Walgreens with a 10+ year NNN lease with zero landlord responsibilities and a corporate guaranty. The Walgreens has been operating since 2010 and is equipped with a drive-thru. The property is located in a high-traffic area, with W. 95th St. seeing 18,400 cars per day and Mission Rd. seeing 17,000 cars per day. The average household income in the area is $152,586. The property size is 14,820 square feet.
Key Highlights
- Walgreens 10+ Year NNN Lease (Zero Landlord Responsibilities)
- Walgreens Corporate Guaranty
- Located in a High Traffic Area (W. 95th St. 18,400 CPD, Mission Rd. 17,000 CPD)
Local 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 | $284.5k | $19.20 |
| − Vacancy | −$17.1k | −$1.15 |
| EGI | $267.5k | $18.05 |
| − OpEx | −$66.9k | −$4.51 |
| NOI | $200.6k | $13.54 |
14,820 SF · lease $19.20/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.87M
$2.51M – $3.34M
NOI $200,604 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$2.47M
$2.16M – $2.88M
NOI $172,727 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$3.82M
$3.34M – $4.45M
NOI $267,294 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
Similar Off Market Nearby
- CVS Pharmacy — 9521 Mission Rd, Overland Park, KS 66206
- COVID-19 Drive-Thru Testing at Walgreens — 4016 W 95th St, Prairie Village, KS 66207
- CVS — 9521 Mission Rd, Overland Park, KS 66206
- Zachary M. Kissel, Pharm — 4016 W 95th St, Prairie Village, KS 66206
- Heidi A. Williams, PharmD — 4016 W 95th St, Prairie Village, KS 66206, United States
FAQs
What type of property is this?
Drug store - NNN leased Walgreens in high-traffic Kansas City area.
Where is this drug store located?
The property is located at 4016 W 95th Street Overland Park, KS.
What is the asking price?
The asking price for this property is $6,992,986.
What are key features of this property?
This property features: Walgreens 10+ Year NNN Lease (Zero Landlord Responsibilities); Walgreens Corporate Guaranty; Located in a High Traffic Area (W. 95th St. 18,400 CPD, Mission Rd. 17,000 CPD)
