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Floyd County, KY Drug Stores for Sale

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Walgreens Net Lease KY
$1,661,000
2,500 SF

Walgreens Net Lease KY

244 Lake Dr, Prestonsburg, KY 41653

High-Yield Walgreens Investment

  • $1,661,000 asking price for a 2,500 square foot Walgreens in Prestonsburg, KY.
  • Absolute NNN net lease with a corporate guarantee from Walgreens, offering a 6.25% cap rate and $103,800 NOI.
  • 9‑year lease term remaining with four 5‑year options; rent increases are 5% every 5 years initially, then 7.5% at the beginning of each option period.
  • Located on a hard corner, signalized intersection with high daily traffic counts, surrounded by strong national and regional tenants.
  • Serves a dense residential area with over 10,600 residents and 6,700 daytime employees within a 5‑mile radius.
Updated: Dec 11, 2024
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Prestonsburg Walgreens With Drive-Thru
$1,730,000
2,537 SF

Prestonsburg Walgreens With Drive-Thru

244 N Lake Dr, Prestonsburg, KY 41653

NNN leased Walgreens in Prestonsburg, KY with drive-thru.

  • Absolute NNN Lease: Zero landlord responsibilities, simplifying ownership and maximizing net income.
  • Investment Grade Tenant: Corporate signed lease from Walgreens (S&P: Baa3) provides financial stability and security.
  • New 10‑Year Lease with Rental Increases: Provides stable cash flow with a 5% increase in years 6‑10 and 7.5% increases at the beginning of each 5‑year option period.
  • Prime Location: Situated on a busy thoroughfare in downtown Prestonsburg, a dominant retail destination, ensuring high visibility and access.
  • Drive‑Thru and Pylon Signage: Features a drive‑thru and pylon signage, enhancing customer convenience and visibility.
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Based on your search, we've compiled 2 Potential Opportunities for your consideration. Besides 2 Active listings in Floyd County, KY, we suggest exploring several alternatives:

Floyd County, KY Drug Stores Investment Opportunities Market Analysis

Explore 2 drug stores for sale in Floyd County, KY on our real estate platform. These investment opportunities span a total of 31,363 square feet of properties for sale, with an estimated market value of $1,661,000.

Prices for pharmacies in Floyd County, KY start at $1,661,000, averaging $1,661,000, and reaching up to $1,661,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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