Skip to main content

Drug Store

Walgreens

14659 US-25 E, Corbin, KY 40701

Listing Price: $4,701,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.67

Investment Overview

Marcus & Millichap is pleased to present Walgreens, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Corbin, KY. This location has a Walgreens corporate guaranteed NNN lease with no landlord responsibilities. Additionally, this location is a freestanding building with a drive-thru included. There is limited pharmacy competition in the surrounding area with local retailers such as Walmart, Lowe’s, Kroger, ALDI, PNC Bank, McDonald’s, Taco Bell, Sonic and more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Investment Highlights

  • Absolute NNN - No Landlord Responsibilities
  • 11.6 Years Remaining on Base Term
  • Corporate Guaranteed Lease by Walgreens (NYSE: WBA)
  • Freestanding Drug Store Building with Drive-Thru
  • Limited Pharmacy Competition
  • $135B - Company Annual Revenue

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Drug Store

Walgreens

Listing Price: $4,701,000

Cap Rate
6.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
13,650
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.67

Investment Highlights

  • Absolute NNN - No Landlord Responsibilities
  • 11.6 Years Remaining on Base Term
  • Corporate Guaranteed Lease by Walgreens (NYSE: WBA)
  • Freestanding Drug Store Building with Drive-Thru
  • Limited Pharmacy Competition
  • $135B - Company Annual Revenue

Investment Overview

Marcus & Millichap is pleased to present Walgreens, a truly rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of Corbin, KY. This location has a Walgreens corporate guaranteed NNN lease with no landlord responsibilities. Additionally, this location is a freestanding building with a drive-thru included. There is limited pharmacy competition in the surrounding area with local retailers such as Walmart, Lowe’s, Kroger, ALDI, PNC Bank, McDonald’s, Taco Bell, Sonic and more. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

MM Texture Background
MM Textured Background Lower