Walgreens Single-Tenant Drug
For Sale
Contact for pricing
Pending
385 Versailles Rd, Frankfort, KY 40601
Built to suit and leased under an absolute NNN structure, the property has served its current operator since 2006.
Property Size14,501 SF
Days on Market143
Property Features for 385 Versailles Rd
General Information
Standard status
Pending
Size
14,501 SF
Property subtype
Retail
Occupancy
100%
Net Operating Income
$379,187
Additional Details
Traffic Count
30,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Jason Maier · License #NY 10301215989
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 4:21PM
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This 14,501 SF single-tenant drug store at 385 Versailles Road was constructed for its current use and has been occupied by Walgreens since 2006. The property is subject to an absolute NNN lease with 9 years remaining on the firm term, placing operating responsibilities with the tenant as defined by the lease.
The building sits at a signalized intersection with exposure to more than 30,000 VPD along Versailles Road. It is located in Frankfort, Kentucky, approximately 25 miles west of Lexington and east of Louisville, and near Kentucky State University. The university includes more than 2,000 students and 130 staff members.
The building sits at a signalized intersection with exposure to more than 30,000 VPD along Versailles Road. It is located in Frankfort, Kentucky, approximately 25 miles west of Lexington and east of Louisville, and near Kentucky State University. The university includes more than 2,000 students and 130 staff members.
Key Highlights
- 14,501 SF single‑tenant building
- Walgreens occupancy since 2006
- Absolute NNN lease with 9 years of firm term remaining
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 40601, KY
52,133
Population
24,224
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
93%
High-School Grad
217.5 sq mi
ZIP Area
240
Density / Sq Mi
$67,125
Median Household Income
$40,685
Median Earnings
$944
Median Rent
$199,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Walgreens Pharmacy — 385 Versailles Rd, Frankfort, KY 40601
- Brandon L. Montgomery, PharmD — 385 Versailles Rd, Frankfort, KY 40601
- COVID-19 Drive-Thru Testing at Walgreens — 385 Versailles Rd, Frankfort, KY 40601
- Kroger Pharmacy — 300 Brighton Park Blvd, Frankfort, KY 40601
- Hometown Pharmacy — 190 Versailles Rd, Frankfort, KY 40601
Frequently Asked Questions
What type of property is this?
Drug store - Built to suit and leased under an absolute NNN structure, the property has served its current operator since 2006.
Where is this drug store located?
The property is located at 385 Versailles Rd Frankfort, KY.
What are key features of this property?
This property features: 14,501 SF single‑tenant building; Walgreens occupancy since 2006; Absolute NNN lease with 9 years of firm term remaining
