101 2Nd Street Ter Odessa, MO 64076
- Retail properties
- 2,195 SF
Current Use by Public Records
- Retail properties
Property Details for 101 2Nd Street Ter
- Year built
- 1975
- Property size
- 2,195 SF
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a 2,195 square foot CVS Pharmacy located at 101 South 2nd Street, Odessa, MO 64076. The property sits on a 6,534 square foot lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $100,000. The current lease, a triple net (NNN) agreement with a credit-rated tenant, has a remaining term of approximately 6.2 years, expiring January 31, 2031. The lease includes four 5-year renewal options, providing long-term stability and predictable income growth. Rent increases by 5% every five years, ensuring consistent returns. Built in 1975, this single-tenant property benefits from a 100% occupancy rate and is strategically located in Odessa's main retail corridor. The investment is backed by the corporate guarantee of CVS Corporation, minimizing landlord responsibilities and offering a secure, low-risk investment opportunity. This property offers a compelling combination of strong tenant credit, a long-term lease, and built-in rent escalations, making it an attractive addition to any investment portfolio. The asking price is $1,666,666.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Lafayette
- State
- Missouri
- Longitude
- -93.9539
- Latitude
- 39.0003
