Walgreens
Retail | 6.50% CAP | 12,935 SF
Marketing description
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 679 South Main Street, Madisonville, Kentucky 42431. The site consists of roughly 12935 rentable square feet of building space on an estimated 1.85-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $218,250 and has scheduled increases of 5.00% Every 5 Years.
Investment highlights
Long-Term Absolute Triple-Net (NNN) Lease | This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord responsibilities.
Corporate Guarantee | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Walgreens is publicly traded on the NYSE under the ticket symbol "WBA" and amassed $147.7 billion in sales in 2024.
Rare Rental Increases | Rental increases in Walgreens and CVS are rare in the base term of the lease, and this site features a lease structure with 5% increases every 5 years.
Large Lot Size | This property features a large 1.85-acre lot located on a hard corner and a four-way signalized intersection.
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