205 W G L Smith St - Drug Store FOR SALE


Morgantown, KY 42261
$2,500,000 USD
256-520-5000
205 W G L Smith St, Morgantown, KY for Sale
$2,500,000 USD
Drug Store - FOR SALE
1/6
null | 6.06% Cap Rate

205 W G L Smith St
Morgantown, KY 42261


HIGHLIGHTS

  • Over 5,600 vehicles per day
  • 1 - 5 year option AND 1 - 10 year option
  • NNN Lease
  • 1.52 acres

OVERVIEW

LHT Commercial Real Estate brings to market this Walgreens in Morgantown, Kentucky. Morgantown is the county seat of Butler County. This store is at the SW corner of West G L Smith Road - S Tyler Street. There are over 5.600 vehicles per day along West G L Smith Road. The 10,752 square foot building sits on 1.52 acres. The store opened August 1997and the 20 year initial term lease expires on September 30, 2027. After the initial 20 year term NNN lease, it has an additional 1 - 5 year option and then a 1 - 10 year option. The yearly rental income is $151,563. The monthly rental income is $12,630.25. The CAP is 6.06% with a Sales Price of $2,500,000. Call me today for more information!

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

Commercial

APN/PARCEL ID

12207

ASK ABOUT THIS PROPERTY

Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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Jonathan BroadwayLHT Commercial Real EstateMore Info
256-520-5000

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