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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

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Drug Store

Walgreens | 5 Yr Remaining on Lease | Limited Competition

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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