205 W G L Smith St | Morgantown, KY 42261
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- LoopNet Team
205 W G L Smith St
Morgantown, KY 42261
Walgreens · Retail Property For Sale
Investment Highlights
- Walgreens in Morgantown, KY | Approximately 20 Miles Northwest of Bowling Green
- Absolute Triple Net (NNN) Lease Terms | Zero Landlord Responsibilities
- Below Market Rent | Tenant is Only Paying $14.10 Per Square Foot in Rent
- Strong Corporate Guaranty From Walgreens Co. | S&P: BBB
- Tenant Signed a Long-Term Extension That Exceeds What is Written Into the Lease | 8-Year Extension in 2019 | Commitment to Site
- Subject Features a Drive-Thru Component | Increased Store Efficiency and Customer Flow
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,752 SF
Building Class
C
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.52 AC
Zoning
Commercial
Parking
59 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
184 FT on W G L Smith St
PROPERTY TAXES
| Parcel Number | 12207 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
12207
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,500,000
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