Walgreens NNN
For Sale
Contact for pricing
Pending
110 Richmond Rd, Irvine, KY 40336
Absolute NNN lease includes a corporate guarantee, no landlord responsibilities, and scheduled five-year renewal options.
Property SizeContact for details
Days on Market143
Property Features for 110 Richmond Rd
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Acropolis Commercial Advisors LLC
Listed By:
Eric Wasserman · License #FL CQ1057427
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 5:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acropolis Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This Walgreens property is subject to an absolute NNN lease backed by a corporate guarantee, with no landlord responsibilities identified in the lease structure. The agreement includes five additional five-year renewal options, with 5% rental increases at the start of each option period. Walgreens assumed the lease at this location in 2018 and later exercised an option ahead of schedule.
The property is located on Richmond Rd, a commercial corridor that connects with Main St and forms part of Kentucky Route 52. The site is less than 1 mile from Mercy Health - Marcum and Wallace Hospital, a general medical and surgical hospital serving Estill County and seven neighboring counties. Nearby demand drivers include four county schools, the Estill County Agricultural Fairgrounds, Carhartt’s corporate office and sewing plant, and the Kentucky Steam Heritage Corp.’s 45-acre locomotive campus redevelopment.
The property is located on Richmond Rd, a commercial corridor that connects with Main St and forms part of Kentucky Route 52. The site is less than 1 mile from Mercy Health - Marcum and Wallace Hospital, a general medical and surgical hospital serving Estill County and seven neighboring counties. Nearby demand drivers include four county schools, the Estill County Agricultural Fairgrounds, Carhartt’s corporate office and sewing plant, and the Kentucky Steam Heritage Corp.’s 45-acre locomotive campus redevelopment.
Key Highlights
- Absolute NNN lease with Walgreens corporate guarantee
- Zero landlord responsibilities under the lease structure
- Five additional five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 40336, KY
12,566
Population
6,030
Households
2.1
Avg Household Size
44
Median Age
10%
College-Educated
78%
High-School Grad
209.6 sq mi
ZIP Area
60
Density / Sq Mi
$45,060
Median Household Income
$31,618
Median Earnings
$672
Median Rent
$114,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease includes a corporate guarantee, no landlord responsibilities, and scheduled five-year renewal options.
Where is this nnn property located?
The property is located at 110 Richmond Rd Irvine, KY.
What are key features of this property?
This property features: Absolute NNN lease with Walgreens corporate guarantee; Zero landlord responsibilities under the lease structure; Five additional five‑year renewal options
