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WALGREENS 2005 Centennial Blvd

12,814 SF Retail Building Independence, KY 41051 £3,002,842 (£234/SF) 7.50% Net Initial Yield

Investment Highlights

  • NNN | No landlord responsibilities
  • Single lane drive-thru access
  • ±2.11 AC parcel with ±50 parking spaces
  • ±7.5 years remaining on the primary lease term
  • Established location, 17 year operating history
  • Surrounding retail tenants include McDonald’s, Chipotle, Taco Bell, Wendy’s, Papa John’s, Starbucks, Ace Hardware, Buffalo Wild Wings, and Sherwin-Wil

Executive Summary

Broker of Record
Kyle Matthews
License No. 239410 (KY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,814 SF
Building Class
B
Year Built
2008
Price
£3,002,842
Price Per SF
£234
Net Initial Yield
7.50%
NOI
£225,213
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Land Acres
2.12 AC
Parking
50 Spaces (3.37 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru

Nearby Major Retailers

LaRosa's Pizzeria
Snap Fitness 24/7
Nathan's Famous-delivery Only
Frisch's Big Boy
ALDI
Kroger
Starbucks
Fifth Third Bank
Buffalo Wild Wings
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
047-00-02-001.00
Land Assessment
£673,088
Improvements Assessment
£2,251,528
Total Assessment
£2,924,617
  • Listing ID: 33223783

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 2005 Centennial Blvd, Independence, KY 41051

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