This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

945 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Walgreens 2290 Nicholasville Rd

14,504 SF Retail Building Lexington, KY 40503 £4,882,332 (£337/SF) 6.50% Net Initial Yield

Investment Highlights

  • Investment grade credit
  • Located along main retail corridor in Lexington
  • Positioned at a signalized intersection of Lowry Lane and Nicholasville Road
  • Long term lease expiring August 31, 2031
  • Dense population (+/-129,104 people within 3 miles)
  • Traffic volumes in excess of +/-36,078 (’22) VPD on Nicholasville Road in front of the site

Executive Summary

NAI Isaac is pleased to present a net leased investment opportunity for the +/-14,504 square foot Walgreens and benefits from its location within the primary retail trade area. Walgreens’ original lease term is for twenty-five (25) years. Walgreens is a publicly traded company on the New York Stock exchange (WBA), with a market capitalization of $13.89 billion. Walgreens is owned by the Walgreens Boots Alliance, Inc. This parent company is currently the largest retail pharmacy in the US and Europe, with over 12,500 stores in over 8 countries.

Attachments

Walgreens_Net_Leased_Investment

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,504 SF
Building Class
B
Year Built
2006
Price
£4,882,332
Price Per SF
£337
Net Initial Yield
6.50%
NOI
£317,352
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Land Acres
1.34 AC
Zoning
B-3 - Business
Parking
80 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
209 ft on Nicholasville Rd

Amenities

  • Pylon Sign
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Noodles & Company
Club Pilates
Jason's Deli
IHOP
Salsarita's Fresh Cantina
Trader Joe's
Planet Fitness
Truist
Fifth Third Bank
Maple Street Biscuit Company

PROPERTY TAXES

Parcel Number 38081750 Improvements Assessment £0
Land Assessment £0 Total Assessment £4,457,850

PROPERTY TAXES

Parcel Number
38081750
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£4,457,850
(859) 422-4408 x119

  • Listing ID: 32158924

  • Date on Market: 17/06/2024

  • Last Updated:

  • Address: 2290 Nicholasville Rd, Lexington, KY 40503

The Retail Property at 2290 Nicholasville Rd, Lexington, KY 40503 is currently available For Sale. Contact NAI Isaac Commercial Properties for more information.

Nearby Listings

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 1 of 5
Exterior Facade
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 2 of 5
Side View
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 3 of 5
Side View
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 4 of 5
Drive-Thru

1 of 1

Connect with us

© 2024 CoStar Group

Walgreens | 2290 Nicholasville Rd
(859) 422-4408 x 119

Walgreens | 2290 Nicholasville Rd

Chad Voelkert

(859) 422-4408

x119

(859) 422-4408 x119

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link