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205 W G L Smith St Morgantown, KY 42261

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For Sale
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NNN leased Walgreens in Morgantown, Kentucky available for purchase.

Type:Retail
Property size:
10,752 SF
Lot size:
1.52 Acres
Added:
Feb 3, 2026
Days on Market:
59
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 205 W G L Smith St

General Information

Standard status
Active
Size
10,752 SF
Lot size
1.52 Acres
Property subtype
Retail

Building Details

Year Built
1997

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Listing Contact
Jonathan Broadway

Listing agent Jonathan Broadway License #AL 82483

Listing office LHT Commercial Real Estate, LLC

Listing date Feb 3, 2026

Source Crexi

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 LHT Commercial Real Estate, LLC


Overview

Walgreens NNN Property For Sale

This commercial real estate offering features a Walgreens property located in Morgantown, Kentucky, the county seat of Butler County. The 10,752 square foot building is situated on a 1.52-acre lot at the southwest corner of West G L Smith Road and S Tyler Street, benefiting from traffic of over 5,600 vehicles per day along West G L Smith Road. Originally opened in August 1997, the property is under a NNN lease with an initial 20-year term expiring on September 30, 2027. The lease includes one 5-year option and one 10-year option following the initial term. The property generates a yearly rental income of $151,563, with a monthly rental income of $12,630.25. The capitalization rate (CAP) is 6.06%.
Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

Similar Places Nearby

  • Walgreens 205 W G L Smith St, Morgantown, KY 42261
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  • COVID-19 Drive-Thru Testing at Walgreens 205 W G L Smith St, Morgantown, KY 42261
  • Robert Campbell 205 W G L Smith St, Morgantown, KY 42261

Location Insight

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  • Local Demand
City
Morgantown
County
Butler
State
Kentucky
Longitude
-86.682018
Latitude
37.22443

FAQs

What type of property is this?
Drug store - NNN leased Walgreens in Morgantown, Kentucky available for purchase.
Where is this drug store located?
The property is located at 205 W G L Smith St Morgantown, KY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: NNN lease with $151,563 yearly rental income.; CAP rate of 6.06% with a sales price of $2,500,000.; Lease expires September 30, 2027, with options for additional terms.
(256) 520-5000 Call to check price and availability
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