Drug Store

Walgreens

1000 E Cumberland Gap Pkwy, Corbin, KY 40701

Listing Price: $4,400,000

Cap Rate
6.41%
Tenant Name
Walgreens
Years Remaining On Lease
13.40
Gross SF
13,650
Guarantor
Corporate Guarantee
Rentable SF
13,650
Price/Gross SF
$322.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.67

Investment Overview

Marcus and Millichap is pleased to exclusively offer this NNN Walgreens with 13 years remaining on the original lease. This property offers an investor an opportunity for passive income with very little management responsibility. Located in the growing area of Corbin KY, this property functions as a community pharmacy. As an outparcel to a major shopping center, this Walgreens is a high quality piece of real estate that has the potential to be a cornerstone of a net leased portfolio.

Investment Highlights

  • 13 Years Remaining on Original 20 Year NNN Lease
  • BBB Rated Credit Tenant
  • Zero Landlord Responsibilities

Exclusively Listed By

Listing Price: $4,400,000

Cap Rate
6.41%
Tenant Name
Walgreens
Years Remaining On Lease
13.40
Gross SF
13,650
Guarantor
Corporate Guarantee
Rentable SF
13,650
Price/Gross SF
$322.34
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.67

Investment Highlights

  • 13 Years Remaining on Original 20 Year NNN Lease
  • BBB Rated Credit Tenant
  • Zero Landlord Responsibilities

Investment Overview

Marcus and Millichap is pleased to exclusively offer this NNN Walgreens with 13 years remaining on the original lease. This property offers an investor an opportunity for passive income with very little management responsibility. Located in the growing area of Corbin KY, this property functions as a community pharmacy. As an outparcel to a major shopping center, this Walgreens is a high quality piece of real estate that has the potential to be a cornerstone of a net leased portfolio.

Exclusively Listed By

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