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Walgreens 205 W G L Smith St 10,752 SF Retail Building Morgantown, KY 42261 $2,500,000 ($232.51/SF) 6.06% Cap Rate

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Investment Highlights

Over 5,600 vehicles per day
NNN Lease

1 - 5 year option AND 1 - 10 year option
1.52 acres

Executive Summary

LHT Commercial Real Estate brings to market this Walgreens in Morgantown, Kentucky. Morgantown is the county seat of Butler County. This store is at the SW corner of West G L Smith Road - S Tyler Street. There are over 5.600 vehicles per day along West G L Smith Road. The 10,752 square foot building sits on 1.52 acres. The store opened August 1997and the 20 year initial term lease expires on September 30, 2027. After the initial 20 year term NNN lease, it has an additional 1 - 5 year option and then a 1 - 10 year option. The yearly rental income is $151,563. The monthly rental income is $12,630.25. The CAP is 6.06% with a Sales Price of $2,500,000. Call me today for more information!

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,752 SF

Building Class

Year Built

1997

Price

$2,500,000

Price Per SF

$232.51

Cap Rate

6.06%

NOI

$151,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

1.52 AC

Opportunity Zone

Yes

Zoning

Commercial

Parking

59 Spaces (5.4 Spaces per 1,000 SF Leased)

Frontage

184’ on W G L Smith St

Retailer
99,999 SF
-
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Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.