320 East Lexington Street
Richmond, MO
Price:
$1,428,571
Cap Rate:
7.00%
NOI:
$100,000
Building Size:
Approx. 3,183 Sq. Ft.
Lot Size:
Approx. 0.75 Acres
Type:
Single-Tenant / Retail
Sub Category:
Grocery Store
Year Built:
2016
Investment Overview
- 2016 Construction. 3,183+/- SF Building on 0.75+/- Acre Site
- 6 Years Left on NN+ Lease with 5% Rent Increase Set to Hit January 2026
- Strong Corporate Guarantee from CVS
- Prime High-Traffic Location: Strategically Positioned at the Intersection of Highway 10 and Highway 13 (14,500+ VPD)
- Surrounded by Top National Brands Such As Walmart, Dollar General, Anytime Fitness, Taco Bell, McDonald’s and Many More
- Investment Grade Credit Tenant (S&P: BBB) – CVS is One of the Three Largest Drugstore Chains in the U.S.
- Richmond | 40 Miles from Kansas City | Kansas City MSA Population: 2.2M+