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    740 Highway 15 Jackson, KY 41339

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    For Sale
    $1,725,000

    Corporate-signed Walgreens in Jackson, KY with a brand new 10-year lease.

    Property size:
    2,537 SF
    Lot size:
    1.08 Acres

    Property Features for 740 Highway 15

    General Information

    Size
    2,537 SF
    Lot size
    1.08 Acres

    Source: Hogan Real Estate Agent Hunter Jacobs

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

    Overview

    Walgreens NNN Investment Opportunity

    An investment opportunity exists to acquire a fee simple interest in a corporate-signed, investment-grade Walgreens located in Jackson, Kentucky. The property operates under an absolute NNN lease, meaning zero landlord responsibilities. Walgreen Co. recently signed a new 10-year lease, which includes four 5-year options. The lease specifies a 5% rental increase in years 6-10, with 7.5% increases at the beginning of each option period. The Walgreens is located in central Breathitt County, in Jackson, the county seat. Situated at the corner of Main Street and KY Highway 15, the property benefits from high traffic at this intersection. Direct access to the main thoroughfare and secondary access to Main Street provide customer convenience. The building size is 2,537 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Similar Places Nearby

    Breathitt Prescription Center, Thomas J. Parr, RPh, Dorrita Mullins, ARNP, Ranita Greer, Kelly Barker

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Breathitt
    State
    Kentucky
    Longitude
    -83.393184
    Latitude
    37.559046

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    FAQs

    What type of property is this?
    Drug store - Corporate-signed Walgreens in Jackson, KY with a brand new 10-year lease.
    Where is this drug store located?
    The property is located at 740 Highway 15 Jackson, KY.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers zero landlord responsibilities.; - Corporate signed lease by investment grade tenant Walgreen Co. (S&P: Baa3).; - Brand new 10-year lease term with 4 (5-year) options.
    (502) 639-4727
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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
    740 Highway 15 Jackson, KY 41339
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