Walgreens - Richmond, KY

(File Photo Above)
Walgreens, located at 501 Caperton Drive, Richmond, Kentucky. The 20 year NNN lease (no landlord obligations) was constructed in 2015 and has 18.3 years remaining on the base term of the lease (as at the time this campaign was launched) with a base term expiration date of August 2035, followed by eleven 5 year options thereafter. These inviting option terms are a rarity in the reformulated Walgreens lease structure. Located along the corridor of Eastern Bypass 876 which is flanked by such national retailers as: Krogers, McDonald’s, Hobby Lobby, Applebee’s, KFC, White Castle, WalMart Super Center, and Lowe’s Home Improvement Center. The site is also strategically located near the Richmond Women’s Healthcare Center and Clinic and just outside the campus of Eastern Kentucky University (EKU).

Additional Info

  • Address: : 501 Caperton Drive, Richmond, KY 40475
  • Price: : $6,150,000
  • Net Rentable Area: : 14,820
  • Lot Size (Acres): : 2.30
  • CAP Rate: : 5.58%
  • NOI: : $343,500
  • Year Built: : 2015
  • Status: : Available

What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557