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205 W G L Smith St
Morgantown, KY 42261
Walgreens · Retail Property For Sale
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
Building Size
10,752 SF
Building Class
C
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
Property Taxes
| Parcel Number | 12207 | Improvements Assessment | $0 |
| Land Assessment | $200,000 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
12207
Land Assessment
$200,000
Improvements Assessment
$0
Total Assessment
$200,000
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