8421 NW Prairie View Rd Kansas City, MO 64153
- Retail space
- 13,488 SF
- 1.57 lot acres
Current Use by Public Records
- CVS / Liquor Store / Perfume Store
- MoneyGram / Money Transfer Service
- LibertyX Bitcoin ATM / Atm
- CDReload - Online Bitcoin ATM / Atm / Money Transfer Service
- CVS Photo / Photo Lab / Photo Shop
Property Details for 8421 NW Prairie View Rd
- Year built
- 2006
- Lot size
- 1.57 lot acres
- Property size
- 13,488 SF
- Property type
- Retail space
- APN
- 20-1.0-12-100-004-015-000
- APU
- 201012100004015000
Description
This exceptional investment opportunity presents the fee simple ownership of a CVS Pharmacy located at 8421 NW Prairie View Rd, Kansas City, MO 64153. The property boasts a 12,941 square foot building on a 1.57-acre lot, constructed in 2007. The property benefits from a strong 100% occupancy rate under an absolute NNN lease with CVS Pharmacy, a Fortune 500 company, extending until April 30, 2041 (16.4 years remaining). The lease commenced February 1, 2007, and includes eight 5-year lease options. The current annual net operating income (NOI) is $267,463, yielding a 5.25% capitalization rate. This single-tenant, single-story building enjoys a prime location on a hard corner with excellent visibility and access, situated near Interstate 29 and Missouri Route 152, and adjacent to the Zona Rosa super-regional shopping mall. The property benefits from strong demographics, with over 105,000 people residing within a 5-mile radius and an average household income exceeding $112,000. The site experiences high traffic counts exceeding 19,000 vehicles daily at the signalized intersection. This is a passive investment opportunity with zero landlord responsibilities, offering a secure and stable return on investment backed by a creditworthy tenant with a long-term commitment to the location. The property's investment-grade tenant and prime location make it an attractive addition to any portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $870,000
- 6.5%
- $925,000
- 7%
- $925,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,040,000
- Geo Method
- $965,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,065,000
- Retail
- $1,080,000
- Mixed-Use
- $1,110,000
- Hospitality
- $1,190,000
- Educational
- $1,035,000
- Residential Income
- $1,045,000
- Energy
- $1,185,000
- Income-Based Land
- $1,085,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.66
- Latitude
- 39.2476
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
