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Drug Store

New Build to Suit Cooper Style Walgreens in the Midwest

411 W Stockton St, Edmonton, KY 42129

Listing Price: $2,011,111

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$43.44

Investment Overview

Subject is a Prime Cooper Style 2,500 Square Foot Build-to-Suit Walgreens with Ample Parking, Pylon Signage, and Easy Ingress/EgressAbsolute NNN Lease with a 10-Year Base Term and Zero Landlord Responsibility | Rent Escalation Every 5 Years, 4 x 5-Year Options

Investment Highlights

  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Thriving Community with an Average Household Income of Over $56,427 Within Twenty Miles of the Subject Asset, as of 2022
  • Mammoth Cave National Park is Nearby, Totalling 52,830 Acres. The Park Contains the Mammoth Cave System, the Largest Cave System in the World

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Drug Store

New Build to Suit Cooper Style Walgreens in the Midwest

Listing Price: $2,011,111

Cap Rate
5.40%
Tenant Name
Walgreens
Years Remaining On Lease
9.9
Guarantor
Corporate Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$43.44

Investment Highlights

  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Thriving Community with an Average Household Income of Over $56,427 Within Twenty Miles of the Subject Asset, as of 2022
  • Mammoth Cave National Park is Nearby, Totalling 52,830 Acres. The Park Contains the Mammoth Cave System, the Largest Cave System in the World

Investment Overview

Subject is a Prime Cooper Style 2,500 Square Foot Build-to-Suit Walgreens with Ample Parking, Pylon Signage, and Easy Ingress/EgressAbsolute NNN Lease with a 10-Year Base Term and Zero Landlord Responsibility | Rent Escalation Every 5 Years, 4 x 5-Year Options

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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