679 S Main St - Drug Store FOR SALE


Madisonville, KY 42431
$3,492,000 USD
332-345-4222
679 S Main St, Madisonville, KY for Sale
$3,492,000 USD
Drug Store - FOR SALE
1/2
null | 6.25% Cap Rate

679 S Main St
Madisonville, KY 42431


HIGHLIGHTS

  • Long-Term Absolute Triple-Net (NNN) Lease
  • Corporate Guarantee
  • Rare Rental Increases
  • Large Lot Size

OVERVIEW

NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 679 S Main St, Madisonville, KY 42431. The site consists of roughly 12,935 rentable square feet of building space on an estimated 1.85-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $218,250 and has scheduled increases of 5.00% every 5 years.

FOR SALE DETAILS

PRICE

$3,492,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

6.25%

% 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

2007

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

COM

APN/PARCEL ID

M-22-32-13

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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