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    FOR LEASE
    Drug stores

    1114 S Main St, Maryville, MO 64468

    13,650 SF 1.12 ac lot Built 2009
    Property ID
    US48-2533298
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 13,650 square foot, Class A, single-tenant retail property currently leased to Walgreens under an absolute NNN lease. Located at 1114 S Main St, Maryville, MO 64468, this two-story building sits on a 1.12-acre lot and boasts a strong 9.00% cap rate, generating a substantial NOI of $312,334. The lease, commencing September 1, 2009, and expiring August 31, 2034, offers a remaining term of approximately 9.8 years, providing significant long-term stability. While Walgreens has vacated the premises, rent payments continue under the corporate guarantee, ensuring consistent cash flow. The property benefits from a prime location, adjacent to McDonald's and across from Hy-Vee Supermarket, with high daily traffic volume (approximately 5,112 vehicles). Other nearby businesses include Walmart, AT&T, Taco Bell, Bank Midwest, Dollar Tree, Hineline Home Furnishings, and Ace Hardware. The lease includes ten 5-year options, further enhancing the investment's long-term value. This property is offered at $3,470,000 ($254.21/sq ft) and is ideal for a 1031 exchange. Built in 2009, the property maintains 100% occupancy.

    Property profile
    Verified
    Property type Drug stores
    Year built 2009
    Total area 13,650 SF
    Lot 1.12 ac (48,787 SF)
    UPID US48-2533298
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Julie Simmerman Pharmacy
    • Theresa Rowan Pharmacy
    • Julie Simmerman, Pharm Pharmacy
    • Theresa A. Rowan, RPH Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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