STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

6510 Nieman Road, Shawnee, Kansas
Ownership Type:
Fee Simple
Price:
$3,825,000
Cap Rate:
6.33%
Current Rent:
$$241,971
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 12.9 years
Renewal Options:
9, 5 Year Options
Building Sq. Ft.:
16,904 SF
Rent Increases:
None in Initial term, 2.5% in each extension
Site Size:
2.11 Acres

Investment Highlights

  • LONG TERM NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Over 12 years remaining on an absolute NNN lease, zero landlord involvement as the tenant covers insurance, taxes, and maintenance expenses.
  • INVESTMENT-GRADE TENANT: The lease is corporately guaranteed by CVS Health, an investment-grade tenant rated BBB by S&P Global Ratings, providing durable cash flow and enhanced credit security.
    STRONG & AFFLUENT DEMOGRAPHICS: The property is located within an affluent trade area with average household incomes of approximately $96,000 within a 5-mile radius and over 90,000 households, supporting strong consumer spending and long-term tenant demand.
  • PRIME LOCATION: Situated along Nieman Rd W, a major commuter corridor, the property benefits from strong visibility and traffic counts of over 39,000 vehicles per day.
  • KANSAS CITY MSA LOCATION: The asset is positioned within the Kansas City MSA, a stable and diversified Midwest market with a broad employment base, favorable business climate, and consistent demographic growth drivers.
  • STRONG SURROUNDING RETAIL: The property is anchored by a complementary mix of high-traffic national retailers—including Chick-fil-A, Raising Cane’s, QuikTrip, and AutoZone—which collectively drive consistent daily traffic, reinforce the corridor’s retail strength, and enhance long-term tenant demand.
  • PROXIMITY TO EDUCATIONAL ANCHORS: The site is strategically located just 1.3 miles from both Shawnee Mission Northwest High School and Rhein Benninghoven Elementary School, collectively serving over 2,000 students and supported by approximately 130+ faculty and staff. This close adjacency provides a consistent daily population base, reinforces daytime traffic, and further enhances the strength and stability of the surrounding trade area.
Ownership Type:
Fee Simple
Price:
$3,825,000
Cap Rate:
6.33%
Current Rent:
$$241,971
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 12.9 years
Renewal Options:
9, 5 Year Options
Building Sq. Ft.:
16,904 SF
Rent Increases:
None in Initial term, 2.5% in each extension
Site Size:
2.11 Acres

Listing Agents

Jordan Koeppel

Senior Vice President
561 789 5504[email protected]

Graham Gold

Vice President
314 324 8792[email protected]

Cooperating Broker:
Bang Realty, Brian Brockman, [email protected],513 898 1551, Lic. KS – 239819

You May Also Be Interested In

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to .

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here