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Drug Store

Walgreens

740 KY-15, Jackson, KY 41339

Listing Price: $1,739,495

Cap Rate
5.95%
Tenant Name
Walgreen Co
Years Remaining On Lease
9.2
Gross SF
2,560
Guarantor
Corporate Guarantee
Rentable SF
2,560
Price/Gross SF
$679.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.43

Investment Overview

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 and 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.

Jackson is a city in and the county seat of Breathitt County, Kentucky. Spanning 2.672 square miles, the city is home to an estimated 2,300 residents. The Lees College Campus of Hazard Community and Technical College, a public community college, is located in Jackson.

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
  • Less than One Mile South of Kentucky River Medical Center, the Only Hospital Serving Breathitt County
  • Close Proximity to National Retailers: Walmart, Hardee's, Tractor Supply Co, McDonald's, Ace Hardware, and More
  • Conveniently Located Along Kentucky Highway 15, Jackson's Primary Thoroughfare Offering Direct Access to Lexington

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Vice President/Regional Manager

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Financing By

Drug Store

Walgreens

Listing Price: $1,739,495

Cap Rate
5.95%
Tenant Name
Walgreen Co
Years Remaining On Lease
9.2
Gross SF
2,560
Guarantor
Corporate Guarantee
Rentable SF
2,560
Price/Gross SF
$679.49
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.43

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
  • Less than One Mile South of Kentucky River Medical Center, the Only Hospital Serving Breathitt County
  • Close Proximity to National Retailers: Walmart, Hardee's, Tractor Supply Co, McDonald's, Ace Hardware, and More
  • Conveniently Located Along Kentucky Highway 15, Jackson's Primary Thoroughfare Offering Direct Access to Lexington

Investment Overview

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 and 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. Jackson is a city in and the county seat of Breathitt County, Kentucky. Spanning 2.672 square miles, the city is home to an estimated 2,300 residents. The Lees College Campus of Hazard Community and Technical College, a public community college, is located in Jackson.

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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