Walgreens

385 Versailles Rd, Frankfort, KY
Deal Type:
Net Lease
Price:
$5,778,080
Cap Rate:
6.25%
Current Rent:
$361,130
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 11.5 years
Renewal Options:
8x5 Years
Building Sq. Ft.:
14,500 sf
Site Size:
1.96 acres

Investment Highlights

  • Absolute NNN Lease – zero landlord responsibilities
  • Over 11 years remaining on the initial lease term
  • Hard corner location with more than 32,000 vpd
  • Over six miles from the closest Walgreens
  • Rite Aid recently closed and transferred all prescriptions over to this store
  • Strong National Tenant Synergy – Kroger, Starbucks, Dollar General, Dollar Tree, McDonald’s, Advance Auto Parts, O’Reilly, Arby’s and 7-Eleven
  • Less than two miles from Kentucky State University

Listing Agents

Breanna Rusk

Vice President
714 722 4110
breanna@stream-cp.com

Adam English

Managing Director
256 694 9803
adam@stream-cp.com

Phil DiGennaro

Managing Director
203 858 1407
phil@stream-cp.com

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