101 W Showalter Dr - Freestanding FOR SALE


Georgetown, KY 40324
$2,307,692 USD
858-558-5670
101 W Showalter Dr, Georgetown, KY for Sale
$2,307,692 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

101 W Showalter Dr
Georgetown, KY 40324


HIGHLIGHTS

  • STRATEGICALLY LOCATED AT THE SIGNALIZED HARD CORNER ALONG AREA’S MAIN RETAIL AND TRAFFIC CORRIDOR
  • NEAREST CVS (AND NATIONAL PHARMACY CHAIN) TO GEORGETOWN COMMUNITY HOSPITAL
  • STRATEGIC LOCATION NEAR GEORGETOWN’S MAJOR EMPLOYER (TOYOTA)
  • EXCELLENT REGIONAL CONNECTIVITY AND SUPER ACCESSIBILITY
  • STRONG RETAIL SYNERGY WITHIN GEORGETOWN’S MOST ACTIVE RETAIL CORRIDORS
  • LIMITED COMPETITION – subject property is the only CVS Pharmacy in Georgetown

OVERVIEW

Built in 1997, this freestanding 10,125 SF CVS Pharmacy features a 24-hour operation and a convenient drive-thru, situated on a generous 1.21-acre parcel at the high-traffic intersection of State Highway US-25 (S Broadway St) and W Showalter Drive in Georgetown, Kentucky. CVS has operated at this location for nearly 30 years, demonstrating a long-term commitment to the site. In 2018, the tenant executed a lease amendment extending its term by 20 years, with the current lease now set to expire in January 2039, providing approximately 13.75 years of remaining base term. TOP-PERFORMING CVS – With over 452,000 annual visitors, the subject property ranks in the top 11% of CVS locations nationwide and the top 2% in Kentucky (Placer.ai), underscoring its exceptional performance as a high-traffic, income-generating asset with long-term stability. CVS HEALTH CORPORATION (NASDAQ: “CVS”) IS RATED “BBB” INVESTMENT GRADE BY STANDARD & POOR’S WITH A STABLE OUTLOOK – over $372.8 billion in annual revenue (4.2% year-over-year increase) and market cap of $86.5 billion as of May 2025 CORPORATE BACKED LONG-TERM LEASE – In 2018, CVS Health Corporation executed a lease amendment that extended the term by 20 years. The amended lease now runs through January 2039, leaving approximately 13.75 years remaining on the base term. ABSOLUTE NNN LEASE STRUCTURE – Zero landlord responsibilities for operating or capital expenses ATTRACTIVE RENT INCREASES - 5% rent increases between each of the five, 5-year renewal options ESTABLISHED LONG-TERM TENANCY WITH EARLY LEASE RENEWAL – CVS has operated at the property for nearly 30 years. In 2018, the tenant demonstrated its long-term commitment by executing a lease amendment that added a 20-year extension along with five additional five-year renewal options. CVS IS RANKED #6 ON THE 2024 FORTUNE 500 LIST – over 9,000 pharmacies and 300,000 employees operating in all 50 states

FOR SALE DETAILS

PRICE

$2,307,692 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Drug Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

B-2

APN/PARCEL ID

168-10-298.000

ASK ABOUT THIS PROPERTY

Blake TagmyerCushman & WakefieldMore Info
858-558-5670

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Blake TagmyerCushman & WakefieldMore Info
858-558-5670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.