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    679 S Main St Madisonville, KY 42431

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    For Sale
    $3,492,000

    NNN leased Walgreens on a large 1.85-acre corner lot.

    Property size:
    12,935 SF
    Lot size:
    1.79 Acres

    Property Features for 679 S Main St

    General Information

    Size
    12,935 SF
    Lot size
    1.79 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Madisonville Walgreens NNN Investment Opportunity

    This investment property is subject to a 14-year, absolute triple-net (NNN) lease, with zero landlord responsibilities. The property is located on a hard corner at a four-way signalized intersection and features a large 1.85-acre lot. The tenant, Walgreens, is one of the nation's largest leading drugstore chains, operating over 8,600 drugstores across the United States. Walgreens is publicly traded on the NYSE under the ticket symbol "WBA" and amassed $147.7 billion in sales in 2024. The lease structure includes 5% rental increases every 5 years.
    Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy FedEx OnSite Mailing Service Western Union Money Transfer Service Coinhub Bitcoin ATM ... Atm Michael Seiber Pharmacy

    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

    Quincy S. Stephenson, RPH, Michael W. Seiber, RPH, James Ashby, Michael Seiber, COVID-19 Drive-Thru Testing at Walgreens

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.501068
    Latitude
    37.317739

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    FAQs

    What type of property is this?
    Drug store - NNN leased Walgreens on a large 1.85-acre corner lot.
    Where is this drug store located?
    The property is located at 679 S Main St Madisonville, KY.
    What is the asking price?
    The asking price for this property is $3,492,000.
    What are key features of this property?
    This property features: - Long-Term Absolute Triple-Net (NNN) Lease with zero landlord responsibilities.; - Corporate Guarantee from Walgreens, a major national drugstore chain (NYSE: WBA).; - Rare Rental Increases: 5% increases every 5 years.
    (332) 345-2408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    679 S Main St Madisonville, KY 42431
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