For Sale
$3,470,000

1114 Main StMaryville, MO 64468

High-yield, long-term Walgreens lease.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 13,650 square foot, Class A, single-tenant retail property currently leased to Walgreens under an absolute NNN lease. Located at 1114 S Main St, Maryville, MO 64468, this two-story building sits on a 1.12-acre lot and boasts a strong 9.00% cap rate, generating a substantial NOI of $312,334. The lease, commencing September 1, 2009, and expiring August 31, 2034, offers a remaining term of approximately 9.8 years, providing significant long-term stability. While Walgreens has vacated the premises, rent payments continue under the corporate guarantee, ensuring consistent cash flow. The property benefits from a prime location, adjacent to McDonald's and across from Hy-Vee Supermarket, with high daily traffic volume (approximately 5,112 vehicles). Other nearby businesses include Walmart, AT&T, Taco Bell, Bank Midwest, Dollar Tree, Hineline Home Furnishings, and Ace Hardware. The lease includes ten 5-year options, further enhancing the investment's long-term value. This property is offered at $3,470,000 ($254.21/sq ft) and is ideal for a 1031 exchange. Built in 2009, the property maintains 100% occupancy.

Highlights

  • $3,470,000 asking price for this Class A, 13,650 square foot Walgreens net lease property.
  • 9.00% cap rate with a strong corporate guarantee.
  • 9.8 years remaining on a 25-year absolute NNN lease, expiring August 31, 2034.
  • Located in Maryville, MO, at 1114 S Main St, adjacent to McDonald's and across from Hy-Vee.
  • Property features ten 5-year lease options and is suitable for a 1031 exchange.

Property Details for 1114 Main St

Property type
Retail properties, Drug stores
Square Feet
13,650 SF
Class
A
Year Built
2009
Buildings
1
Stories
2
Lot Size (sq. ft)
48,787 SF
Units
1

Location Insight

City
Maryville
County
Nodaway
State
Missouri
Latitude
40.333798579938
Longitude
-94.873804277211
1114 Main St, Maryville, Missouri

FAQs

What type of property is this?
Retail property - High-yield, long-term Walgreens lease.
Where is the retail property located?
The property is located at 1114 Main St Maryville, MO.
What is the asking price?
The asking price for this property is $3,470,000.
What are key features of this property?
This property features: $3,470,000 asking price for this Class A, 13,650 square foot Walgreens net lease property.; 9.00% cap rate with a strong corporate guarantee.; 9.8 years remaining on a 25-year absolute NNN lease, expiring August 31, 2034.
How can I contact the broker?
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1114 Main St
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