21287 Highway 421 | Hyden, KY 41749
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- LoopNet Team
21287 Highway 421
Hyden, KY 41749
Walgreens Absolute NNN Drugstore - Hyden · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease - Allowing For a True Passive Investment and Zero Landlord Responsibilities
- Investment Grade Tenant – (S&P: BBB) With Corporate Guarantee
- COVID-19 Vaccine Location - The Walgreens is One of the Only Providers of the Vaccine in the Surrounding Area, Creating Another Strong Traffic Driver
- 10% Rent Increases – Multiple 5 Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage Upon Renewal
- Full Walgreens Conversion - The Tenant Has Shown Strong Commitment to the Site By Recently Completing a Full Conversion From Rite Aid in 2020
- Zero National Drugstore Competition - Very Wide Radius With the Next Closest National Drugstore 20-Miles to the NE
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,180 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.23 AC
Zoning
B - Business
Parking
30 Spaces (0 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 7601 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,400,000 |
PROPERTY TAXES
Parcel Number
7601
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,400,000
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