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Drug Store

Walgreens

629 US Hwy 27 S, Cynthiana, KY 41031

Listing Price: $2,526,033

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
5.4
Gross SF
10,752
Guarantor
Corporate Guarantee
Rentable SF
10,752
Price/Gross SF
$234.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.10

Investment Overview

This subject property is a 10,752-square foot freestanding Walgreens Pharmacy located in Cynthiana, KY. Originally constructed in 1997, this property sits on a 1.53 Acre lot and is occupied by an investment grade tenant on a Triple-Net Lease (minimal landlord responsibilities). This Walgreens is the only National Pharmacy store in Cynthiana, KY and only National Pharmacy within a 14-mile radius. This pandemic resistant tenant boasts an investment grade rating of BBB from Standard and Poor's along with a long term rating of Baa2 from Moody's. Walgreens is a part of the Retail Pharmacy USA Division of Walgreens Boots Alliance (NASDAQ: WBA), the first global, pharmacy-led health and wellbeing enterprise. Walgreens Boots Alliance has a presence in more than 25 countries and employs more than 227,000 people.

Investment Highlights

  • Only National Pharmacy Store In Cynthiana, KY Dense Retail Corridor | Major Tenants in Surrounding Area Pylon Signage
  • Multiple Entrances Compelling Location: 39 Miles from Lexington, KY Minimal Landlord Obligations | Triple-Net Lease (NNN) Pandemic Resistant
  • Walgreens Corporate Guaranty (NASDAQ: WBA) Investment Grade Credit-S&P Rating: BBB

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Listing Price: $2,526,033

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
5.4
Gross SF
10,752
Guarantor
Corporate Guarantee
Rentable SF
10,752
Price/Gross SF
$234.94
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.10

Investment Highlights

  • Only National Pharmacy Store In Cynthiana, KY Dense Retail Corridor | Major Tenants in Surrounding Area Pylon Signage
  • Multiple Entrances Compelling Location: 39 Miles from Lexington, KY Minimal Landlord Obligations | Triple-Net Lease (NNN) Pandemic Resistant
  • Walgreens Corporate Guaranty (NASDAQ: WBA) Investment Grade Credit-S&P Rating: BBB

Investment Overview

This subject property is a 10,752-square foot freestanding Walgreens Pharmacy located in Cynthiana, KY. Originally constructed in 1997, this property sits on a 1.53 Acre lot and is occupied by an investment grade tenant on a Triple-Net Lease (minimal landlord responsibilities). This Walgreens is the only National Pharmacy store in Cynthiana, KY and only National Pharmacy within a 14-mile radius. This pandemic resistant tenant boasts an investment grade rating of BBB from Standard and Poor's along with a long term rating of Baa2 from Moody's. Walgreens is a part of the Retail Pharmacy USA Division of Walgreens Boots Alliance (NASDAQ: WBA), the first global, pharmacy-led health and wellbeing enterprise. Walgreens Boots Alliance has a presence in more than 25 countries and employs more than 227,000 people.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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