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Walgreens 205 W G L Smith St 10,752 SF Retail Building Morgantown, KY 42261 $3,410,300 CAD ($317.18 CAD/SF) 6.06% Cap Rate
Investment Highlights
- Over 5,600 vehicles per day
- NNN Lease
- 1 - 5 year option AND 1 - 10 year option
- 1.52 acres
Executive Summary
LHT Commercial Real Estate brings to market this Walgreens in Morgantown, Kentucky. Morgantown is the county seat of Butler County. This store is at the SW corner of West G L Smith Road - S Tyler Street. There are over 5.600 vehicles per day along West G L Smith Road. The 10,752 square foot building sits on 1.52 acres. The store opened August 1997and the 20 year initial term lease expires on September 30, 2027. After the initial 20 year term NNN lease, it has an additional 1 - 5 year option and then a 1 - 10 year option. The yearly rental income is $151,563. The monthly rental income is $12,630.25. The CAP is 6.06% with a Sales Price of $2,500,000. Call me today for more information!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,752 SF
Building Class
C
Year Built
1997
Price
$3,410,300 CAD
Price Per SF
$317.18 CAD
Cap Rate
6.06%
NOI
$206,664 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
59 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
184’ on W G L Smith St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 12207 | Improvements Assessment | $0 CAD |
| Land Assessment | $272,824 CAD | Total Assessment | $272,824 CAD |
Property Taxes
Parcel Number
12207
Land Assessment
$272,824 CAD
Improvements Assessment
$0 CAD
Total Assessment
$272,824 CAD
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LHT Commercial Real Estate
Walgreens | 205 W G L Smith St
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