1616 Mo-7 Blue Springs, MO 64014
- Retail properties
- 5.08 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1616 Mo-7
- Year built
- 1985
- Lot size
- 5.08 lot acres
- Property type
- Retail properties
- Property subtype
- Drug stores
Description
Exceptional investment opportunity: a single-tenant, fee-simple CVS Pharmacy in Blue Springs, Missouri. This 1-story, 1985-built property boasts a 5.08-acre lot with ample parking (approximately 200 spaces), generating a strong NOI of $423,704 and a 7.50% cap rate. The property benefits from a long-term lease (7+ years remaining with ten 5-year renewal options) and enjoys excellent visibility on a high-traffic road (approximately 29,496 vehicles per day) near major highways and other prominent retailers including Walmart, Subway, and McDonald's. The property is located within the Kansas City MSA, a high-population-density area with significant projected growth. The investment-grade credit tenant (S&P: BBB) provides a secure and stable income stream with a full corporate guaranty. This NNN lease structure minimizes landlord responsibilities. The property's proximity to a country club and golf course adds to its appeal. Asking price: $5,649,386.
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
- Blue Springs
- County
- Jackson
- State
- Missouri
- Longitude
- -94.2697
- Latitude
- 39.0371
