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
New Build to Suit Cooper Style Walgreens in the Midwest
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
Broker of Record
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
Broker of Record
