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Walgreens | 3.10% Assumable Financing 520 Lyndon Ln 15,134 SF Retail Building Louisville, KY 40222 $6,935,100 ($458.25/SF) 8.07% Cap Rate
INVESTMENT HIGHLIGHTS
- Original 20-Year Lease – Triple Net Structure
- Exceptional Assumable Debt
- Excellent Corporate Guaranty
EXECUTIVE SUMMARY
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 520 Lyndon Lane, Lyndon, KY. The site consists of roughly 15,134 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Walgreens is subject to a 20-year Triple Net (NNN) lease, which commenced 10/6/2001. The current annual rent is $560,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,134 SF
Building Class
B
Year Built
2001
Price
$6,935,100
Price Per SF
$458.25
Cap Rate
8.07%
NOI
$560,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.84 AC
Zoning
C1-COMMERC
Parking
35 Spaces (2.31 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 026001740000 | Improvements Assessment | $2,250,000 |
| Land Assessment | $250,000 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
026001740000
Land Assessment
$250,000
Improvements Assessment
$2,250,000
Total Assessment
$2,500,000
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Walgreens | 3.10% Assumable Financing | 520 Lyndon Ln
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