Walgreens NNN Property For
For Sale
Contact for pricing
205 W G L Smith St, Morgantown, KY 42261
NNN leased Walgreens in Morgantown, Kentucky available for purchase.
Property Size10,752 SF
Lot Size1.52 Acres
Price / SF$232.51
Days on Market197
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
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$151,563
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
LHT Commercial Real Estate, LLC
(256) 520-5000
Listed By:
Jonathan Broadway · License #AL 82483
Source:
Crexi
Added: Feb 3
Changed: Aug 13
Last Checked: Aug 18 at 9:47AM
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
Investment Insights
Based on property information with market context.
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%.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Home Improvements & Furnishings 31%
Shops & Services 28%
Hardee's
Dining
7,952 visits/mo
0.3 miles
Ace Hardware
Home Improvements & Furnishings
5,028 visits/mo
0.1 miles
Super Wash
Shops & Services
3,733 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
1,639 visits/mo
0.2 miles
True Value Hardware
Home Improvements & Furnishings
1,026 visits/mo
0.2 miles
Demographics for 42261, KY
10,146
Population
4,168
Households
2.4
Avg Household Size
41
Median Age
10%
College-Educated
83%
High-School Grad
287.8 sq mi
ZIP Area
35
Density / Sq Mi
$49,219
Median Household Income
$35,529
Median Earnings
$643
Median Rent
$106,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walgreens — 205 W G L Smith St, Morgantown, KY 42261
- Walgreens Pharmacy — 205 W G L Smith St, Morgantown, KY 42261
- Dale Beaty — 205 W G L Smith St, Morgantown, KY 42261
- 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
Frequently Asked Questions
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.
