2001 Main St, Joplin, MO 64804-2045

This fee-simple investment opportunity presents a single-tenant Walgreens pharmacy in Joplin, Missouri. The property, built in 2011 and situated on a 1.3-acre lot, boasts a 33.1-year lease (expiring 03/31/2029) with six, five-year renewal options. The current lease features a below-market rent of $12.22 per square foot, generating a strong NOI of $165,000 and a 6.50% cap rate. The property benefits from a prime location on S Main St & E 20th St, experiencing high daily traffic exceeding 32,000 vehicles. Its proximity to major hospitals (Freeman Hospital West, Mercy Hospital Joplin, and Children's Mercy Joplin), assisted living facilities (Joplin Gardens & Mercy Village), and the upcoming $375 million Prospect Village mixed-use development ensures sustained high foot traffic and sales potential. The building's modern construction minimizes maintenance needs, and the tenant, Walgreens, is an investment-grade credit tenant with a strong commitment to the location, evidenced by a previous lease extension. The property's strategic location and the tenant's financial strength make this a compelling investment opportunity with significant long-term growth potential. The asking price is $2,538,462. The drive-thru lane adds further value in today's market.