4926 Cane Run Rd - Drug Store FOR SALE


Louisville, KY 40216
$3,585,484 USD
404-504-7900
4926 Cane Run Rd, Louisville, KY for Sale
$3,585,484 USD
Drug Store - FOR SALE
1/3
null | 6.2% Cap Rate

4926 Cane Run Rd
Louisville, KY 40216


HIGHLIGHTS

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

OVERVIEW

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 ±13.8 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,585,484 USD

PRICE/SF

$242 USD /SF

CAP RATE

6.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Louisville, KY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

-

APN/PARCEL ID

101804450000

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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