1820 Springfield Ave Bolivar, MO 65613-2563

Property Details for 1820 Springfield Ave

Year built

2008

Lot size

1.68 lot acres

Property size

13,628 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

89-11-0.6-13-000-000-006.01

APU

8911061300000000601

Description

This exceptional investment opportunity presents a fee-simple, absolute NNN leased Walgreens pharmacy in Bolivar, Missouri. The property boasts a substantial 14,422 square foot building on a 1.68-acre lot, constructed in 2008. The current lease, with a corporate guarantee from Walgreens, commenced March 14, 2014, and extends to June 30, 2038, offering a remaining term of 13.6 years, plus ten (10) five (5) year renewal options. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $297,912, resulting in a compelling 6.75% cap rate. This high-performing location is strategically situated near Southwest Baptist University, a Walmart Supercenter, and the Railway Station Shopping Center, benefiting from significant foot traffic exceeding 2.7 million shoppers annually. Data indicates this Walgreens ranks in the top 10% nationally for visits, exceeding 234,200 in the past year, solidifying its position as Bolivar's only drugstore. The property's prime location, coupled with the long-term lease and strong financial performance, makes it an attractive addition to any investment portfolio. This property is also available as part of a larger portfolio sale including four additional Walgreens locations. The asking price is $4,413,510.

Location Insight

City

Bolivar

County

Polk

State

Missouri

Longitude

-93.4024

Latitude

37.597

CBSA code

44180

CBSA name

SPRINGFIELD, MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments