1214 Foxwood Dr Raymore, MO 64083-8300

Property Details for 1214 Foxwood Dr

Year built

2007

Lot size

1.40 lot acres

Property size

14,466 SF

Property type

Retail space

APN

04-03-08-400-009-002.001

APU

40308400009002001

Description

This exceptional investment opportunity presents a fee-simple, single-tenant Walgreens pharmacy in Raymore, Missouri. The 14,500 square-foot building, constructed in 2007, sits on a 1.44-acre lot and boasts a 100% occupancy rate under a 25-year absolute NNN lease with a corporate guarantee from Walgreens Boots Alliance (NYSE: WBA). The lease commenced February 25, 2007, and has a remaining term of approximately 7.3 years, with ten 5-year renewal options. The property generates a strong NOI of $333,455, resulting in a 7.15% cap rate and a price per square foot of $321.63. The asking price is $4,663,706. This prime location at 1214 W Foxwood Dr, Raymore, MO 64083, benefits from high visibility on a hard corner signalized intersection, experiencing significant daily traffic. The surrounding area features numerous residential developments, including apartments and new home communities, along with several colleges and universities, ensuring a consistent customer base for the Walgreens pharmacy. This is a rare opportunity to acquire a stable, high-performing net-leased property backed by a financially sound, nationally recognized tenant. The property's strong fundamentals and strategic location make it an attractive investment for discerning buyers seeking long-term, passive income.

Location Insight

City

Raymore

County

Cass

State

Missouri

Longitude

-94.4753

Latitude

38.8125

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments