Absolute NNN Pharmacy and Medical
New
For Sale
Contact for pricing
231 S 2nd St, Louisville, KY 40202
Two adjacent freestanding buildings are leased on an absolute NNN basis to CVS Pharmacy and Ephraim McDowell Regional Medical Center.
Days on Market3
Property Features for 231 S 2nd St
General Information
Standard status
Active
Property subtype
Retail
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Louisville
(502) 466-6403
Listed By:
Fred Sutterlin
(502) 466-6403
Source:
Colliers
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 7:19PM
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 Louisville
Investment Insights
Based on property information with market context.
This offering includes two adjacent freestanding buildings structured as absolute NNN, long-term leasehold investments. Each property is leased to mission-critical healthcare and pharmacy tenants, with limited landlord responsibility under the absolute NNN structure.
The buildings are leased on a long-term master ground lease and are occupied by CVS Pharmacy and Ephraim McDowell Regional Medical Center. The location is described as positioned along a high-visibility, high-traffic corridor adjacent to the hospital campus serving the Danville, Kentucky market. CVS is referenced as a primary provider of pharmacy and healthcare services to the surrounding community.
The combined setup is designed for an investor seeking durable, long-term tenancy with real estate fundamentals tied to essential healthcare use.
The buildings are leased on a long-term master ground lease and are occupied by CVS Pharmacy and Ephraim McDowell Regional Medical Center. The location is described as positioned along a high-visibility, high-traffic corridor adjacent to the hospital campus serving the Danville, Kentucky market. CVS is referenced as a primary provider of pharmacy and healthcare services to the surrounding community.
The combined setup is designed for an investor seeking durable, long-term tenancy with real estate fundamentals tied to essential healthcare use.
Key Highlights
- Two adjacent freestanding buildings leased on an absolute NNN basis
- Long‑term master ground lease structure
- CVS Pharmacy tenant on an absolute NNN long‑term lease
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,613
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 53%
Dining 32%
Shops & Services 12%
Groceries 2%
Louisville Marriott Downtown
Hotels & Casinos
27,211 visits/mo
0.2 miles
The Old Spaghetti Factory
Dining
22,175 visits/mo
0.1 miles
Embassy Suites by Hilton Louisville Downtown
Hotels & Casinos
17,524 visits/mo
0.4 miles
Shell
Shops & Services
15,640 visits/mo
0.3 miles
White Castle
Dining
15,549 visits/mo
0.2 miles
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
Market
Vacancy Rate% for Retail in Louisville, KY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Two adjacent freestanding buildings are leased on an absolute NNN basis to CVS Pharmacy and Ephraim McDowell Regional Medical Center.
Where is this nnn property located?
The property is located at 231 S 2nd St Louisville, KY.
What are key features of this property?
This property features: Two adjacent freestanding buildings leased on an absolute NNN basis; Long‑term master ground lease structure; CVS Pharmacy tenant on an absolute NNN long‑term lease
