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29480485
29480486

551 Main St, McKee, KY 40447 For Sale

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group
$1,000,000
172 days on market
Updated 77 days ago

Dark Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 8,000
Cap Rate 7.5%
NOI $75,000
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type NN
Price per SqFt $125
Broker Co-Op Yes
Year Built 1992
Buildings 1
Acreage 0.920
Tenant Credit Corporate Guarantee

Dark Location | 2+ Years of Rent Remaining on a NN Lease

Marketing description

WALGREENS PAYING RENT THROUGH 2028 | HIGH VISIBILITY ALONG US-421

Investment highlights

  • Dark Walgreens Location With 2+ Years of Rent Remaining on a NN Lease

  • Corporately Guaranteed Lease

  • Situated Across Two Parcels Totaling +/- 0.70 Acres Within an Opportunity Zone

  • General Commercial Zoning Allows For a Wide Range of Commercial and Retail Uses

  • Located Along the Main Thoroughfare of McKee Along US-421 With High Visibility | New Pylon Sign Installed in 2019

  • Limited Competition: Very Few National Tenants Within 20+ Mile Radius

  • Large, Fully Lit Parking Lot With Easy Access From US-421 | Entire 5-Mile Population Drives by This Location Daily

  • 1.5 Miles From Jackson County High School, With 540+ Students

  • Stable Demographics: Population Exceeds 23,600+ Within 15-Miles, Projected to Increase by 2030

  • McKee is the County Seat of Jackson County With a Population Of Over 12,900+ | As of 2019 Jackson County Legalized the Sale of Alcoholic Beverages in the City of McKee

Listing Contacts

DP
OH SAL.2012000748
Marcus & Millichap | The Patel Yozwiak Group
DY
OH SAL.2008003600
Marcus & Millichap | The Patel Yozwiak Group
Listed by Marcus & Millichap | The Patel Yozwiak Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,000.00
$6,250.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Grant Fitzgerald
License
KY 286261
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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