STREAM Capital Partners > Properties > All Properties > CVS

CVS

Net Lease

12691 Antioch Road, Overland Park, Kansas
Ownership Type:
Fee Simple
Price:
$3,250,000
Cap Rate:
6.22%
Current Rent:
$202,000
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.:
17,877 SF
Rent Increases:
None in Initial term, 2.5% in each extension
Site Size:
1.71 Acres

Investment Highlights

  • LONG TERM NNN LEASE WITH ZERO LANDLORD RESPONSIBILITIES: Over 12 years remaining on an absolute NNN lease, requiring no landlord responsibilities 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 $149,500 within a 5-mile radius and over 98,900 households, supporting strong consumer spending and long-term tenant demand.
  • PRIME LOCATION: Situated along W 127th Street S, a major commuter corridor, the property benefits from strong visibility and traffic counts of over 24,000 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.
Ownership Type:
Fee Simple
Price:
$3,250,000
Cap Rate:
6.22%
Current Rent:
$202,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 12.9 years
Renewal Options:
9, 5 Year Options
Building Sq. Ft.:
17,877 SF
Rent Increases:
None in Initial term, 2.5% in each extension
Site Size:
1.71 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

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