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Walgreens - Lexington, KY

This newly constructed 20 Year NNN lease offers a passive investor a rare opportunity to enter into a growing Lexington retail market in a highly sought after region due to its proximity to the University of Kentucky (The Wildcats).

The site sits as an out pad to a Home Depot anchored center which is also home to a newly constructed Burger King. Additionally, at the signalized intersection is a CVS located across from the Walgreens. behind the Home Depot is a BigLots!. Adjacent to the Home Depot center is a pad that is earmarked to begin demolition to construct a new office complex.

Other national retailers in the immediate area are: Kroger (2 separate stores), Dollar General, Longhorn Steakhouse,Wendy's, BP, Midas, and O'Reilly's Auto Parts nestled among several local and regional retailers.

Just to the south of the site is an aprox. 11.5 acre office building complex (Beaumont Office Centre), and Lexington Catholic High School. 5-blocks to the east of the site is St Joseph's Hospital.

The real draw to the region is the presence and spirit of the University of Kentucky with over 29,000 under graduate student, and the Red Mile Quarter Horse Race Track, both within 1-mile from the site and drawing thousands of tourists, visitors and students to the region annually.

Additional Info

  • Address: : 2001 Harrodsburg Rd, Lexington, KY 40504
  • Price: : $8,600,000
  • Net Rentable Area: : 14,820
  • CAP Rate: : 5.41%
  • NOI: : $466,000
  • Year Built: : 2014
  • Status: : Available