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    409 North Ave Belton, MO 64012

    For Sale
    $5,447,500

    High-yield CVS, absolute NNN lease, strong sales.

    Property size:
    10,908 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a fee-simple ownership of a CVS Pharmacy located at 409 E North Ave, Belton, MO 64012. The property boasts 10,908 square feet and sits on a hard corner with a combined traffic count of 32,900 vehicles per day, ensuring high visibility and accessibility. The property is currently under an absolute NNN lease with a corporate guarantee from CVS Pharmacy, eliminating landlord responsibilities. The lease commenced on July 29, 1998, and has a remaining term of approximately 4.7 years, expiring July 29, 2029. The lease includes 10% rent increases at each option period, providing significant future income growth. The property's strong performance is evidenced by reported sales of $15.4 million. The asking price is $5,447,500, representing a price per square foot of $499.40 and a cap rate of 6.75%. The Net Operating Income (NOI) is $367,702. The property was built in 1998 and benefits from its location in a strong retail corridor, with nearby retailers including Home Depot, Walmart, Target, ALDI, and Cass Regional Medical Center (just over a mile away). Belton's strategic location south of Kansas City, easily accessible via I-49, further enhances the property's value and appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant upside potential.

    Property Features for 409 North Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,908 SF

    Building Details

    Year Built
    1998

    HighLights

    • $15.4M Sale Price Reported
    • Absolute NNN Lease, No Landlord Responsibilities
    • 10% Rent Increases in Each Option Period
    • Prime Retail Location
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Cass
    State
    Missouri
    Longitude
    -94.5264263
    Latitude
    38.8135359

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    FAQs

    What type of property is this?
    Individual retail property - High-yield CVS, absolute NNN lease, strong sales.
    Where is this individual retail property located?
    The property is located at 409 North Ave Belton, MO.
    What is the asking price?
    The asking price for this property is $5,447,500.
    What are key features of this property?
    This property features: $15.4M Sale Price Reported; Absolute NNN Lease, No Landlord Responsibilities; 10% Rent Increases in Each Option Period
    Request Owner's contact information
    409 North Ave Belton, MO 64012
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    Belton, MO 64012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    409 North Ave Belton, MO 64012
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