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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