679 S Main St - Drug Store FOR SALE
Madisonville, KY 42431 |
$3,357,692 USD
714-336-4737
679 S Main St
Madisonville, KY 42431
HIGHLIGHTS
- Long-Term Absolute Triple-Net (NNN) Lease | This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord resp
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Rare Rental Increases
- Large Lot Size | This property features a large 1.85-acre lot located on a hard corner and a four-way signalized intersection.
OVERVIEW
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 679 S Main St, Madisonville, KY 42431. The site consists of roughly 12,935 rentable square feet of building space on an estimated 1.85-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $218,250 and has scheduled increases of 5.00% every 5 years.
FOR SALE DETAILS
PRICE
$3,357,692 USD
PRICE/SF
$260 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.85 AC
LAND SF
80,586 SF
ZONING
COM
APN/PARCEL ID
M-22-32-13
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714-336-4737
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714-336-4737
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