Drug Store
Walgreens | 5 Yr Remaining on Lease | Limited Competition
551 Main St, McKee, KY 40447
Listing Price: $1,550,000
Cap Rate
7.49%
Tenant Name
Walgreens
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$9.38
Investment Overview
Marcus & Millichap is pleased to bring to market Walgreens located in McKee, KY
Walgreens | 5 Yr Remaining on Lease | Limited Competition
Investment Highlights
- 5 Years Remaining on a NN Lease After a Recent Renewal | Minimal Landlord Responsibilities
- Two, 5-Year Renewal Options Remaining With a Rental Increase
- Tenant Pays Additional Percentage Rent | Strong Reported Sales
- Located Along the Main Thoroughfare of McKee Along US-421 With High Visibility | New Pylon Sign Installed in 2019
- Limited Competition: Only National Drugstore Retailer Within 20+ Mile
- Large, Fully Lit Parking Lot With Easy Access From US-421 | Entire 5-Mile Population Drives by This Location Daily
- Stable Demographics: Population Exceeds 24,200+ Within 15-Miles, Projected to Increase by 2027
Exclusively Listed By
Broker of Record
Listing Price: $1,550,000
Cap Rate
7.49%
Tenant Name
Walgreens
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
8,000
Lease Type
Double Net
Rent Per Square Feet
$9.38
Investment Highlights
- 5 Years Remaining on a NN Lease After a Recent Renewal | Minimal Landlord Responsibilities
- Two, 5-Year Renewal Options Remaining With a Rental Increase
- Tenant Pays Additional Percentage Rent | Strong Reported Sales
- Located Along the Main Thoroughfare of McKee Along US-421 With High Visibility | New Pylon Sign Installed in 2019
- Limited Competition: Only National Drugstore Retailer Within 20+ Mile
- Large, Fully Lit Parking Lot With Easy Access From US-421 | Entire 5-Mile Population Drives by This Location Daily
- Stable Demographics: Population Exceeds 24,200+ Within 15-Miles, Projected to Increase by 2027
Investment Overview
Marcus & Millichap is pleased to bring to market Walgreens located in McKee, KY
Exclusively Listed By
Broker of Record
