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Walgreens: Louisville, KY 4926 Cane Run Rd

14,820 SF Retail Building Louisville, KY 40216 £2,805,462 (£189/SF) 6.20% Net Initial Yield

Investment Highlights

  • Brand New NNN Lease
  • Surrounded by a Dense Concentration of Residential with 2,850 Households within 1-Mile.
  • Tenant | Walgreen Co. (S&P: BBB-)
  • Located at the Intersection of Terry Road (11,442 VPD) and Cane Run Road (36,800 VPD).
  • Louisville-Jefferson County, KY-IN MSA Advantage (Population 1.3M+)

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 14,820-square-foot Walgreens situated on 2.23 acres in Louisville, Kentucky (MSA Population: 1.3M+). Walgreens’ NNN lease recently commenced in November 2023 and features ±14.0 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Price
£2,805,462
Price Per SF
£189
Net Initial Yield
6.20%
NOI
£173,939
Tenancy
Single
Number of Floors
1
Building FAR
0.15
Lot Size
2.23 AC
Parking
69 Spaces (4.72 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Signalised Intersection
  • Drive Thru
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Nearby Major Retailers

Woodforest Bank
Taco Tico

PROPERTY TAXES

Parcel Number 101804450000 Improvements Assessment £3,826,447
Land Assessment £759,446 Total Assessment £4,585,893

PROPERTY TAXES

Parcel Number
101804450000
Land Assessment
£759,446
Improvements Assessment
£3,826,447
Total Assessment
£4,585,893
(404) 504-7900

Contacts

  • Brian Pfohl
    Brian Pfohl
  • Thomas Carr
    Thomas Carr
  • Christopher Bosworth
    Christopher Bosworth
  • Leah Lindell
    Leah Lindell

  • Listing ID: 30649204

  • Date on Market: 12/01/2024

  • Last Updated:

  • Address: 4926 Cane Run Rd, Louisville, KY 40216

The Retail Property at 4926 Cane Run Rd, Louisville, KY 40216 is currently available for sale. Contact CBRE for more information.

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© 2024 CoStar Group

Walgreens: Louisville, KY | 4926 Cane Run Rd
(404) 504-7900 x

Walgreens: Louisville, KY | 4926 Cane Run Rd

1/4

Brian Pfohl

(404) 504-7900

(404) 504-7900

Thomas Carr

(703) 477-1315

(703) 477-1315

Christopher Bosworth

(404) 441-3849

(404) 441-3849

Leah Lindell

(404) 812-5136

(404) 812-5136

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