101 2Nd Street TerOdessa, MO 64076

Property Details for 101 2Nd Street Ter

Year built

1975

Property size (Sq ft)

2,195 SF

Property type

Retail properties

Property subtype

Drug stores

Description

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.

Location Insight

City

Odessa

County

Lafayette

State

Missouri

Latitude

39.0003

Longitude

-93.9539

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