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Drug Store

Walgreens

411 W Stockton St, Edmonton, KY 42129

Listing Price: $1,825,210

Cap Rate
5.95%
Tenant Name
Walgreen Co
Years Remaining On Lease
9.2
Gross SF
2,564
Guarantor
Corporate Guarantee
Rentable SF
2,564
Price/Gross SF
$711.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.36

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens, in Edmonton, Kentucky. Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Edmonton is the county seat of Metcalfe County, Kentucky, and a part of the Glasgow Micropolitan Statistical Area. Situated in the south-central part of the state, Edmonton is known for its rural charm, friendly community, and access to natural beauty. With a population of approximately 1,600 residents as of the 2020 census, the city offers a peaceful and close-knit lifestyle.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease with Walgreens - Investment Grade Tenant
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Newly Constructed Small-Format Store - 2,500 Square Feet with a Drive-Thru and Pylon Signage
  • Located in Central Edmonton in Immediate Proximity to Metcalfe County Elementary School and High School
  • Close Proximity to National Retailers: Dollar General Market, Subway, Ace Hardware, McDonald's, Pizza Hut, and More
  • Conveniently Located Along U.S. Route 68 with Direct Connection to Cumberland Parkway, Interstate Thoroughfare

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Listing Price: $1,825,210

Cap Rate
5.95%
Tenant Name
Walgreen Co
Years Remaining On Lease
9.2
Gross SF
2,564
Guarantor
Corporate Guarantee
Rentable SF
2,564
Price/Gross SF
$711.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.36

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease with Walgreens - Investment Grade Tenant
  • Five Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Newly Constructed Small-Format Store - 2,500 Square Feet with a Drive-Thru and Pylon Signage
  • Located in Central Edmonton in Immediate Proximity to Metcalfe County Elementary School and High School
  • Close Proximity to National Retailers: Dollar General Market, Subway, Ace Hardware, McDonald's, Pizza Hut, and More
  • Conveniently Located Along U.S. Route 68 with Direct Connection to Cumberland Parkway, Interstate Thoroughfare

Investment Overview

Marcus & Millichap is pleased to present for sale Walgreens, in Edmonton, Kentucky. Walgreens is an American pharmaceutical company which operates the largest drug retailing chain in the United States of America. It specializes in serving prescriptions, health & wellness products, health information and photo services. As of 2023, the company operates 8,700 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Edmonton is the county seat of Metcalfe County, Kentucky, and a part of the Glasgow Micropolitan Statistical Area. Situated in the south-central part of the state, Edmonton is known for its rural charm, friendly community, and access to natural beauty. With a population of approximately 1,600 residents as of the 2020 census, the city offers a peaceful and close-knit lifestyle.

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

Financing By

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