Walgreens | 2840 Alexandria Pike
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Walgreens 2840 Alexandria Pike
13,905 SF Retail Building Newport, KY 41076 £3,074,887 (£221/SF) 6.25% Net Initial Yield
Investment Highlights
- Kroger Express The subject investment property has a Kroger Express located inside of the Walgreens store, increasing foot traffic at the location
- Double Net (NN) Lease The subject property is subject to a double net lease with minimal landlord responsibilities
- Corporate Guarantee The subject investment property's lease is corporately guaranteed through Walgreens
Executive Summary
NNN Pro and Bang Realty are pleased to present the exclusive
listing for a Walgreens located at 2840 Alexandria Pike, Highland
Heights, KY 41076. The site consists of roughly 13,905 rentable
square feet of building space on an estimated 1.66-acre parcel of
land. This Walgreens is subject to a 20-year Double Net (NN)
lease, which commenced 12/6/1997. The current annual rent is
$245,000 and has scheduled increases of 10.00% In Options.
listing for a Walgreens located at 2840 Alexandria Pike, Highland
Heights, KY 41076. The site consists of roughly 13,905 rentable
square feet of building space on an estimated 1.66-acre parcel of
land. This Walgreens is subject to a 20-year Double Net (NN)
lease, which commenced 12/6/1997. The current annual rent is
$245,000 and has scheduled increases of 10.00% In Options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1997
Price
£3,074,887
Price Per SF
£221
Net Initial Yield
6.25%
NOI
£192,180
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Land Acres
1.66 AC
Zoning
Commerical - Retail Use
Frontage
255 ft on Alexandria Pike
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 999-99-20-872.00 | Improvements Assessment | £2,503,523 |
| Land Assessment | £778,919 | Total Assessment | £3,282,442 |
PROPERTY TAXES
Parcel Number
999-99-20-872.00
Land Assessment
£778,919
Improvements Assessment
£2,503,523
Total Assessment
£3,282,442
-
Power Broker Glen Kunofsky -
Armond Aivazyan -
NNN Pro Group
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Walgreens | 2840 Alexandria Pike
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