1030 Main StLexington, MO 64067

Property Details for 1030 Main St

Year built

1900

Lot size

0.13 AC

Property size (Sq ft)

18,214 SF

Property type

Retail properties

APN

03-8.0-33-1-001-043.000

APU

380331001043000

Description

This exceptional investment opportunity presents a 2,195 square foot CVS Pharmacy in Lexington, Missouri, boasting a strong 6.00% cap rate and a substantial net operating income (NOI) of $100,000. The property sits on a 5,663 square foot lot and is currently operating at 100% occupancy under a triple net (NNN) lease with a credit-rated tenant. The lease, expiring January 31, 2031, includes four 5-year renewal options and features a 5% rent increase every five years. This strategically located property is situated near Lafayette Regional Medical Center and Lexington Medical Clinic, ensuring consistent high traffic and strong tenant performance. The property offers minimal landlord responsibilities, making it an ideal low-maintenance investment. The asking price is $1,666,666, translating to $759.30 per square foot. This presents a stable, long-term investment opportunity with a highly reputable tenant. The remaining lease term is approximately 6.2 years. The property is a single-unit retail building.

• CAP approach

  CAP return

  Valuation

  6%

  $5,018,840

  6.5%

  $4,632,776

  7%

  $4,301,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,578,308

  Geo Method

  $3,578,308

• Alternative Use

  Use

  Valuation

  Residential

  $3,907,920

  Hospitality

  $3,579,634

  Educational

  $2,978,213

  Medical

  $3,080,638

  Retail

  $4,632,776

Location Insight

City

Lexington

County

Lafayette

State

Missouri

Latitude

39.1858

Longitude

-93.8824

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].