For Sale
$1,666,666

101 2Nd Street Ter Odessa, MO 64076

High-yield, low-risk CVS investment.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 2,195 square foot CVS Pharmacy located at 101 South 2nd Street, Odessa, MO 64076. The property sits on a 6,534 square foot lot and boasts a strong 6.00% cap rate, generating a net operating income (NOI) of $100,000. The current lease, a triple net (NNN) agreement with a credit-rated tenant, has a remaining term of approximately 6.2 years, expiring January 31, 2031. The lease includes four 5-year renewal options, providing long-term stability and predictable income growth. Rent increases by 5% every five years, ensuring consistent returns. Built in 1975, this single-tenant property benefits from a 100% occupancy rate and is strategically located in Odessa's main retail corridor. The investment is backed by the corporate guarantee of CVS Corporation, minimizing landlord responsibilities and offering a secure, low-risk investment opportunity. This property offers a compelling combination of strong tenant credit, a long-term lease, and built-in rent escalations, making it an attractive addition to any investment portfolio. The asking price is $1,666,666.

Highlights

  • $1,666,666 asking price for a CVS Pharmacy net lease property.
  • 6.00% cap rate with a $100,000 annual net operating income (NOI).
  • 2,195 square foot building on a 6,534 square foot lot in Odessa, Missouri.
  • 6.2 years remaining on a triple-net (NNN) lease with four 5-year renewal options and 5% rent increases every 5 years.
  • Investment-grade tenant (CVS Pharmacy) with a credit rating.
  • 100% occupancy.

Property Details for 101 2Nd Street Ter

Property type
Retail properties, Drug stores
Square Feet
2,195 SF
Year Built
1975
Units
1

Location Insight

City
Odessa
County
Lafayette
State
Missouri
Latitude
39.0002783
Longitude
-93.9538715

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FAQs

What type of property is this?
Retail property - High-yield, low-risk CVS investment.
Where is the retail property located?
The property is located at 101 2Nd Street Ter Odessa, MO.
What is the asking price?
The asking price for this property is $1,666,666.
What are key features of this property?
This property features: $1,666,666 asking price for a CVS Pharmacy net lease property.; 6.00% cap rate with a $100,000 annual net operating income (NOI).; 2,195 square foot building on a 6,534 square foot lot in Odessa, Missouri.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Robert Gamzeh
Robert Gamzeh
Visit Broker Website

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2Nd Street Ter
Odessa, MO 64076

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2Nd Street Ter
Odessa, MO 64076

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Disclaimer

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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101 2Nd Street Ter
  • Robert Gamzeh
    Robert Gamzeh
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