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Walgreens 2290 Nicholasville Rd

14,504 SF Retail Building Lexington, KY 40503 $6,188,000 ($427/SF) 6.50% Cap Rate

Drug Stores Kentucky Lexington 2290 Nicholasville Rd, Lexington, KY 40503

Investment Highlights

  • Investment grade credit
  • Located along main retail corridor in Lexington
  • Positioned at a signalized intersection of Lowry Lane and Nicholasville Road
  • Long term lease expiring August 31, 2031
  • Dense population (+/-129,104 people within 3 miles)
  • Traffic volumes in excess of +/-36,078 (’22) VPD on Nicholasville Road in front of the site

Executive Summary

NAI Isaac is pleased to present a net leased investment opportunity for the +/-14,504 square foot Walgreens and benefits from its location within the primary retail trade area. Walgreens’ original lease term is for twenty-five (25) years. Walgreens is a publicly traded company on the New York Stock exchange (WBA), with a market capitalization of $13.89 billion. Walgreens is owned by the Walgreens Boots Alliance, Inc. This parent company is currently the largest retail pharmacy in the US and Europe, with over 12,500 stores in over 8 countries.

Attachments

Walgreens_Net_Leased_Investment

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,504 SF
Building Class
B
Year Built
2006
Price
$6,188,000
Price Per SF
$427
Cap Rate
6.50%
NOI
$402,220
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Land Acres
1.34 AC
Zoning
B-3 - Business
Parking
80 Spaces (5.52 Spaces per 1,000 SF Leased)
Frontage
209 FT on Nicholasville Rd

Amenities

  • Pylon Sign
  • Drive Thru

Links

1 of 1
Walk Score ®
Very Walkable (81)
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measures access to public transit. Bike Score®
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Nearby Major Retailers

Noodles & Company
Club Pilates
Jason's Deli
Salsarita's Fresh Cantina
IHOP
Trader Joe's
Planet Fitness
Truist
Fifth Third Bank
Maple Street Biscuit Company

PROPERTY TAXES

Parcel Number 38081750 Improvements Assessment $0
Land Assessment $0 Total Assessment $5,650,000

PROPERTY TAXES

Parcel Number
38081750
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,650,000
(859) 422-4408 x119

  • Listing ID: 32158924

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: 2290 Nicholasville Rd, Lexington, KY 40503

More public record information on 2290 Nicholasville Rd, Lexington, KY 40503

The Retail Property at 2290 Nicholasville Rd, Lexington, KY 40503 is currently available For Sale. Contact NAI Isaac Commercial Properties for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 5
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1/5
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 1 of 5
Exterior Facade
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 2 of 5
Side View
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 3 of 5
Side View
2290 Nicholasville Rd, Lexington, KY for sale Building Photo- Image 4 of 5
Drive-Thru

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Walgreens | 2290 Nicholasville Rd
(859) 422-4408 x 119

Walgreens | 2290 Nicholasville Rd

Chad Voelkert

(859) 422-4408

x119

(859) 422-4408 x119

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