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3001 Lone Oak Rd Paducah, KY 42003

For Sale
$3,432,308

NNN-leased CVS Pharmacy with +14 years of remaining term.

Property size:
10,121 SF
Lot size:
1.00 Acres

Property Features for 3001 Lone Oak Rd

General Information

Size
10,121 SF
Lot size
1.00 Acres

Source: Colliers | Carlsbad Agent Jon Busse

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Leased CVS Pharmacy

This property presents the opportunity to acquire an absolute NNN-leased CVS Pharmacy with over 14 years of remaining term and no rent holiday, located in Paducah, Kentucky. Constructed in 1999 for CVS, the property saw CVS agree to a 20-year lease extension in 2019, demonstrating their commitment to the location. The CVS is operating with an annual rent of $223,100. The property is available debt-free. The owner is also offering for sale two similar CVS properties in Gadsden, AL, and Black Mountain, NC, all with 20-year extensions in 2019 and absolute NNN leases with no rent holidays. These three properties can be purchased individually or as a portfolio acquisition. The building has a size of 10121 square feet.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

CVS Photo Print Shop CVS Pharmacy Pharmacy Redbox Movie Rental Kiosk CVS Drug Store Coinhub Bitcoin ATM ... Atm

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Harness Health Pharmacy - Lourdes, Radio Pharmacy of Paducah, Walgreens Pharmacy, Susan M. Weaks, PharmD, COVID-19 Drive-Thru Testing at Walgreens

Location Insight

  • Map
  • Local Demand
City
Paducah
County
McCracken
State
Kentucky
Longitude
-88.6656465
Latitude
37.0360474

FAQs

What type of property is this?
Drug store - NNN-leased CVS Pharmacy with +14 years of remaining term.
Where is this drug store located?
The property is located at 3001 Lone Oak Rd Paducah, KY.
What is the asking price?
The asking price for this property is $3,432,308.
What are key features of this property?
This property features: - Absolute NNN Lease with CVS Pharmacy for a hands-off investment.; - Long Remaining Lease Term: Enjoy +14 years of stable income.; - Rare 20-Year Lease Extension demonstrates CVS's commitment.
More about this property
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