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Walgreens: Louisville, KY 4926 Cane Run Rd

14,820 SF Retail Building Louisville, KY 40216 $3,585,484 ($242/SF) 6.20% Cap Rate

Drug Stores Kentucky Louisville 4926 Cane Run Rd, Louisville, KY 40216

Investment Highlights

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

Executive Summary

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 ±14.0 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Price
$3,585,484
Price Per SF
$242
Cap Rate
6.20%
NOI
$222,300
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.23 AC
Parking
69 Spaces (4.72 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Signalized Intersection
  • Drive Thru
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Nearby Major Retailers

Woodforest Bank
Taco Tico

PROPERTY TAXES

Parcel Number 101804450000 Improvements Assessment $4,890,340
Land Assessment $970,600 Total Assessment $5,860,940

PROPERTY TAXES

Parcel Number
101804450000
Land Assessment
$970,600
Improvements Assessment
$4,890,340
Total Assessment
$5,860,940
(404) 504-7900

Contacts

  • Brian Pfohl
    Brian Pfohl
  • Thomas Carr
    Thomas Carr
  • Christopher Bosworth
    Christopher Bosworth
  • Leah Lindell
    Leah Lindell

  • Listing ID: 30649204

  • Date on Market: 1/12/2024

  • Last Updated:

  • Address: 4926 Cane Run Rd, Louisville, KY 40216

More public record information on 4926 Cane Run Rd, Louisville, KY 40216

The Retail Property at 4926 Cane Run Rd, Louisville, KY 40216 is currently available for sale. Contact CBRE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Walgreens: Louisville, KY | 4926 Cane Run Rd
(404) 504-7900 x

Walgreens: Louisville, KY | 4926 Cane Run Rd

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Brian Pfohl

(404) 504-7900

(404) 504-7900

Thomas Carr

(703) 477-1315

(703) 477-1315

Christopher Bosworth

(404) 441-3849

(404) 441-3849

Leah Lindell

(404) 812-5136

(404) 812-5136

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