2001 S Main St - Drug Store FOR SALE


Joplin, MO 64804
$2,200,000 USD
619-297-0055
2001 S Main St, Joplin, MO for Sale
$2,200,000 USD
Drug Store - FOR SALE
1/3
null | 7.5% Cap Rate

2001 S Main St
Joplin, MO 64804


HIGHLIGHTS

  • Walgreens is paying $12.22/SF which is significantly lower than the national average.
  • Walgreens signed a 10-year lease extension in 2019 demonstrating their long-term commitment to the site.
  • Located 2 miles East, Prospect Village is a new $375 million mixed-use project will support the growth of the area.
  • Freeman Hospital West, Freeman Hospital East, Landmark Hospital and Mercy Hospital Joplin (191 Beds) are all located within 3 miles.
  • Located on the intersection of South Main Street and East 20th Street with over 27,000 VPD.

OVERVIEW

We are pleased to market for sale the Walgreens property located at 2001 South Main Street in Joplin, Missouri ("The Property"). Walgreens has been operating at this location for over ±27 years and has over 4 years remaining on the primary term. Walgreens signed a 10-year lease extension in 2019, demonstrating their commitment to the site. According to Placer.AI, the subject property is the #1 most visited Walgreens in a 30-mile radius (amongst 8 other Walgreens locations). This opportunity allows investors to purchase a high-yield Walgreens asset with a long operating history in a growing market. Located 2 miles East, the Prospect Village Development is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area. Freeman Health Systems is the largest employer in Joplin, with over 3,600 employees and Joplin serves as a central medical hub for the surrounding market. Freeman Hospital West (1.8 Mi SW) and Freeman Hospital East (1.7 Mi SE) combine for over 410 beds and provide a strong customer base for the store's pharmacy segment. Listed in conjunction with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, MO DRE Lic. 2017032771.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

Commercial

APN/PARCEL ID

19-5.0-15-10-001-001.000,19-6.0-14-20-006-005.000

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.