Walgreens Drug
For Sale
Contact for pricing
550 W Dixie Ave, Elizabethtown, KY 42701
Freestanding retail asset with a proposed 15-year absolute NNN lease and scheduled rent increases.
Property SizeContact for details
Days on Market144
Property Features for 550 W Dixie Ave
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Traffic Count
33,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Alex Sharrin · License #IL 475.170243
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 6:36AM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
The offering comprises the fee-simple interest in a Walgreens drug store at 550 W Dixie Avenue in Elizabethtown, Kentucky. At closing, Walgreens will enter into a 15-year absolute NNN lease, with 5% rent increases every five years during the primary term and renewal option periods.
The property sits along West Dixie Avenue and St John Road with exposure to more than 33,000 vehicles per day. Baptist Health Hardin Hospital is located less than half a mile away; the full-service acute care facility has 300 beds, more than 600 physicians, and 21 specialties. Elizabethtown has a population exceeding 32,000, while its average daytime population doubles due to regional activity. Nine colleges with more than 39,000 enrolled students are within 40 miles.
The property sits along West Dixie Avenue and St John Road with exposure to more than 33,000 vehicles per day. Baptist Health Hardin Hospital is located less than half a mile away; the full-service acute care facility has 300 beds, more than 600 physicians, and 21 specialties. Elizabethtown has a population exceeding 32,000, while its average daytime population doubles due to regional activity. Nine colleges with more than 39,000 enrolled students are within 40 miles.
Key Highlights
- Walgreens drug store at 550 W Dixie Avenue, Elizabethtown, KY 42701
- Fee‑simple interest offered for sale
- Proposed 15‑year absolute NNN lease at closing
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 42701, KY
52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Freestanding retail asset with a proposed 15-year absolute NNN lease and scheduled rent increases.
Where is this drug store located?
The property is located at 550 W Dixie Ave Elizabethtown, KY.
What are key features of this property?
This property features: Walgreens drug store at 550 W Dixie Avenue, Elizabethtown, KY 42701; Fee‑simple interest offered for sale; Proposed 15‑year absolute NNN lease at closing
