101 2Nd Street Ter Odessa, MO 64076
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.