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Walgreens 679 S Main St 12,935 SF Retail Building Madisonville, KY 42431 $3,357,692 ($259.58/SF) 6.50% Cap Rate
Investment Highlights
- Long-Term Absolute Triple-Net (NNN) Lease | This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord resp
- Rare Rental Increases
- Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states
- Large Lot Size | This property features a large 1.85-acre lot located on a hard corner and a four-way signalized intersection.
Executive Summary
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 679 S Main St, Madisonville, KY 42431. The site consists of roughly 12,935 rentable square feet of building space on an estimated 1.85-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $218,250 and has scheduled increases of 5.00% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,935 SF
Building Class
B
Year Built
2007
Price
$3,357,692
Price Per SF
$259.58
Cap Rate
6.50%
NOI
$218,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.85 AC
Zoning
COM - Commerical
Frontage
150’ on South Main Street
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | M-22-32-13 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,000,000 |
Property Taxes
Parcel Number
M-22-32-13
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,000,000
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Walgreens | 679 S Main St
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