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Walgreens (Subleased to Popshelf) 104 Pedro Way 14,579 SF Retail Building Winchester, KY 40391 $3,543,000 ($243.02/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Signalized, Hard Corner Intersection | High Traffic Area | Easy Access To I-64 | Drive-Thru Equipped
- Kroger Plaza Shopping Center | Near National/Credit Tenants
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The Walgreens is currently subleased to Popshelf and has over 3 years of term remaining
• The asset is located at the signalized, hard-corner intersection of Pedro Way and Highway 1958, with an average of 25,800 VPD, providing multiple points of egress and ingress
• The site benefits from easy access to Interstate 64, which carries approximately 45,100 vehicles per day, driving strong consumer traffic to the property
• The asset is located at the signalized, hard-corner intersection of Pedro Way and Highway 1958, with an average of 25,800 VPD, providing multiple points of egress and ingress
• The site benefits from easy access to Interstate 64, which carries approximately 45,100 vehicles per day, driving strong consumer traffic to the property
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,579 SF
Building Class
B
Year Built
2006
Price
$3,543,000
Price Per SF
$243.02
Cap Rate
8.50%
NOI
$301,125
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.59 AC
Zoning
PD - Planned Development
Parking
49 Spaces (3.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 043-0000-00310 | Improvements Assessment | $2,100,000 |
| Land Assessment | $1,550,000 | Total Assessment | $3,650,000 |
PROPERTY TAXES
Parcel Number
043-0000-00310
Land Assessment
$1,550,000
Improvements Assessment
$2,100,000
Total Assessment
$3,650,000
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Walgreens (Subleased to Popshelf) | 104 Pedro Way
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