1160 US 68 Hwy - Drug Store FOR SALE


Maysville, KY 41056
$2,200,000 USD
248-848-4089
1160 US 68 Hwy, Maysville, KY for Sale
$2,200,000 USD
Drug Store - FOR SALE
1/5
null | 8.01% Cap Rate

1160 US 68 Hwy
Maysville, KY 41056


HIGHLIGHTS

  • The property is located less than 2 miles from the Meadowview Regional Medical Hospital, a 100- bed accredited hospital

OVERVIEW

±11,000 SF single-tenant Walgreens investment property located in Maysville, KY After Walgreens’ $4.4 billion acquisition of Rite Aid in 2018, Walgreens identified this former Rite Aid as a store they wanted to transfer to Walgreens Walgreens recently extended their term through 10/31/2032 with a 5% rent increase scheduled for November 2027 The property is located less than 2 miles from the Meadowview Regional Medical Hospital, a 100- bed accredited hospital. It has been named one of the ‘100 Top Hospitals’ 5 times by Reuters The next closest CVS Pharmacy is 40 miles away and the next closest Rite Aid is over 55 miles away. Additionally, this is the only Walgreens location within 30 miles The offering contains additional income outside of the Walgreens annual rent, which includes close to $10,000 annually in the form of a license agreement for extra storage space which is critical to Walgreens’ day-today operations. The property is strategically located along US Highway 68 (13,485 VPD) and just north of KY 9 (13,830 VPD), the two main local thoroughfares which host numerous national retailers. Asking Price: $2,200,000 (8.01% Cap)

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

C

APN/PARCEL ID

049-00-00-020.01

ASK ABOUT THIS PROPERTY

Steven SilvermanFriedman Real EstateMore Info
248-848-4089

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Steven SilvermanFriedman Real EstateMore Info
248-848-4089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.