Walgreens

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, newly built, drive-thru equipped Walgreens investment property located in Edmonton, KY.​ The tenant, Walgreen Co.​, has 8.5+ years of firm term remaining with an additional 4 (5-year) option periods left to extend.​ The lease features rare 5% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation.​ The lease is signed by the corporate entity (S&P: BBB-) and is absolute NNN with zero landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.​ The offering presents the opportunity to purchase one of Walgreens’ brand new “Cooper” prototype pharmacies, a store that will have a health and wellness focus on the location’s front end.​

Walgreens is strategically located near the signalized, hard corner intersection of Stockton Street and Main Street, averaging a combined 15,900 vehicles passing by daily.​ Both streets serve as major retail corridors in Edmonton, placing this asset in an excellent location.​ The surrounding tenants consist of Dollar General Market, ACE Hardware, Minnie’s Southern Café, South Central Bank, Western Union, and others.​ The national and regional tenant presence drives a steady stream of loyal, local consumers to the trade area and promotes significant crossover store exposure.​ Furthermore, the property is near numerous single-family communities and multi-family complexes including Stockton Apartments, Edmonton Manor, and others, providing a direct residential consumer base.​ The 5-mile trade area is supported by over 4,600 residents and 1,600 daytime employees, with an average annual household income of $50,152.​

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  8.5+ Years Remaining | Scheduled Rental Increases | Absolute NNN | Corporate Signature | Cooper Prototype Store | Established Brand

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  Near Signalized, Hard Corner Intersection | Excellent Location |Strong Nearby Tenant Presence | Drive-Thru Equipped Pharmacy

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  Direct Residential Consumer Base | Demographics in 5-Mile Trade Area