December 17, 2021 – Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Walgreens in Shawnee, Kansas. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete this transaction at a sale price of $5,195,195.
Walgreens is located at 5455 Roberts Street in Shawnee, Kansas (the “Property”). Walgreens has been at the Property since its construction in 2008 and has 12+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. The Property is situated on a highly visible corner parcel at the intersection of Roberts Street and Johnson Drive just 300 feet from the heavily trafficked junction of KS Route 7 and Johnson Drive/W 55th Street. The Property is extremely well located in the newly developed west side of Shawnee. Walgreens is located at the center of the area’s commercial zone and shares its intersection with Walmart Supercenter, CVS, AutoZone, Security Bank of Kansas City, Pizza West, and Kindercare. Additionally, the Property is bordered to the east by a master planned community with more than 2,000 homes and the Mill Valley High School, Monticello Middle School, Clear Creek Elementary School and Riverview Elementary School are all less 1.5-miles away.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.