244 N Lake Dr Prestonsburg, KY 41653

This property presents an opportunity to acquire a fee simple interest in a corporate-signed, investment-grade, drive-thru Walgreens located in Prestonsburg, KY. The property is situated in downtown Prestonsburg on N. Lake Drive, a well-established thoroughfare and retail corridor. The location benefits from high visibility on one of the busiest roads in the market, surrounded by national and local retailers. The newly constructed 2,500 square foot building includes a drive-thru and pylon signage. The property is positioned for maximum exposure and access to surrounding national retailers and area tourist attractions. Prestonsburg serves as the dominant retail destination for Floyd County, reaching surrounding communities. Historically reliant on coal mining, Prestonsburg's economy has diversified to include healthcare, education, retail, and tourism. The property is suitable for a 1031 exchange or private equity investment, offering stable cash flow and sound real estate fundamentals. Walgreen Co. has signed a new 10-year lease with options for four additional 5-year terms. The lease includes a 5% rental increase in years 6-10, with 7.5% increases at the beginning of each option period. The lease is absolute NNN, with zero landlord responsibilities.