For Sale
$1,666,666

610 Burkarth Rd Warrensburg, MO 64093

Net-leased CVS, strong tenant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a single-tenant, net-leased CVS Pharmacy located at 610 Burkarth Rd, Warrensburg, MO 64093. The property boasts a 3,655 square foot building situated on a 1.03-acre lot. Currently operating at 100% occupancy, the property offers a substantial net operating income (NOI) of $100,000 annually, with a 6.00% cap rate. The lease, with a credit-rated tenant, features a remaining term of approximately 6.2 years, extending to January 31, 2031. The lease includes four 5-year renewal options, each with a 5% rent increase. This strategically located pharmacy is near Missouri Medical Center and the University of Central Missouri, ensuring consistent customer traffic and long-term stability. The asking price is $1,666,666, translating to $456 per square foot. This is a low price point for an investment-grade tenant with a strong corporate guarantee, minimizing landlord responsibilities and maximizing return. The property offers a compelling combination of a secure, long-term lease, consistent rental income growth, and a prime location, making it an ideal addition to any investment portfolio. The property is a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses.

Highlights

  • $1,666,666 asking price for this Net Leased CVS Pharmacy.
  • Investment-grade tenant (CVS Pharmacy) with a BBB credit rating.
  • Minimal landlord responsibilities due to the triple-net (NNN) lease structure.
  • 6.2-year remaining lease term with four 5-year renewal options.
  • Strategically located near Missouri Medical Center and the University of Central Missouri.
  • 5% rent increases every five years.

Property Details for 610 Burkarth Rd

Property type
Retail properties, Drug stores
Square Feet
3,655 SF
Lot Size (sq. ft)
44,867 SF
Units
1

Location Insight

City
Warrensburg
County
Johnson
State
Missouri
Latitude
38.769939
Longitude
-93.7241126

FAQs

What type of property is this?
Retail property - Net-leased CVS, strong tenant, high ROI.
Where is the retail property located?
The property is located at 610 Burkarth Rd Warrensburg, 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 this Net Leased CVS Pharmacy.; Investment-grade tenant (CVS Pharmacy) with a BBB credit rating.; Minimal landlord responsibilities due to the triple-net (NNN) lease structure.
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.
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610 Burkarth Rd
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