Walgreens - Drug Store FOR SALE


Louisville, KY 40258- Pleasure Ridge Park
$7,577,700 USD
949-903-3399
Walgreens, Louisville, KY for Sale
$7,577,700 USD
Drug Store - FOR SALE
1/6
null | 7.72% Cap Rate

Walgreens
Louisville, KY 40258
Pleasure Ridge Park


HIGHLIGHTS

  • Two (2) STNL Walgreens (Fee Simple) - Investment Grade Credit Tenant - Rated “BBB-” by S&P’s
  • Over 6.5 Lease Years Remaining - Absolute NNN Leases - Zero Landlord Responsibilities
  • High Yield Passive Income Opportunity - Over 11% Year 1 Cash-on-Cash
  • Location #1: 7500 Terry Road - Hard Corner Signalized Intersection - Terry Rd & Greenwood Rd - ~27,000 VPD - 11,203 SF Building - 1.80-Acre Lot
  • Location #2: 7700 Shepherdsville Road (Dark) - Hard Corner Signalized Intersection - ~24,600 VPD - 11,141 SF Bldg - 1.28-Acre Lot

OVERVIEW

The SnyderCarlton Team is pleased to offer to qualified investors an opportunity to purchase two (2) single tenant net leased assets (fee simple) that are fully occupied by Walgreens with over 6.5 lease years remaining and eight (8), five (5) year option periods. Both properties will be sold together as a portfolio with the debt to be assumed providing over 11% cash-on-cash. Located in Louisville, KY, both properties are well positioned on hard corner signalized intersections with multiple points of ingress/ egress and over 25,000 VPD at both intersections. This is an excellent opportunity to acquire high yielding assets, located on the area’s major thoroughfares next to national retailers with superior real estate positioning (hard corner signalized intersections) with zero landlord obligations.

FOR SALE DETAILS

PRICE

$7,577,700 USD

PRICE/SF

$676 USD /SF

CAP RATE

7.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2 Asset Portfolio- NNN- High Yields

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C-1

APN/PARCEL ID

103000650000

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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