For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

411 Stockton St Edmonton, KY 42129

Sponsored
For Sale
$1,738,000

Absolute NNN Lease, Strong Tenant

Property size:
2,500 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents the fee simple ownership of a newly constructed (2023), 2,500 square foot Walgreens pharmacy in Edmonton, Kentucky. The property boasts a prime location on a signalized intersection of Stockton and Main Streets, benefiting from high daily traffic volume (15,900 vehicles). This absolute NNN lease with Walgreens, a corporate guarantor (S&P: BBB-), offers 8.5+ years remaining on the initial term, followed by four 5-year options. Rent increases of 5% every 5 years throughout the initial term and options provide built-in inflation protection and growing net operating income (NOI). The property features a drive-thru and is situated near other strong national and regional tenants, including Dollar General Market and ACE Hardware, ensuring consistent customer traffic. The surrounding area includes numerous residential communities, providing a substantial local consumer base. The 0.7-acre lot includes 23 parking spaces. The property's strong demographics, including over 4,600 residents and 1,600 daytime employees within a 5-mile radius, and an average household income of $50,152, further enhance its investment appeal. The asking price is $1,738,000, representing a 6.25% cap rate and a price per square foot of $695.20. The property's NOI is $108,600. This is a low-management, passive investment opportunity with significant long-term potential. The APN is 104-00-01-008.02. The permitted zoning is commercial.

Property Features for 411 Stockton St

General Information

Property type
Individual retail properties
Square Feet
2,500 SF
Lot Size
30,492 SF

Building Details

Year Built
2023
Buildings
1

HighLights

  • Fee simple ownership of a newly constructed (2023) 2,500 SF Walgreens pharmacy in Edmonton, KY.
  • Prime location on a signalized intersection with high daily traffic (15,900 vehicles). Absolute NNN lease with Walgreens (S&P: BBB-), corporate guarantor, 8.5+ years remaining, four 5‑year options, 5% rent increases every 5 years.
  • Drive‑thru pharmacy with strong nearby tenants (Dollar General, ACE Hardware) and ample parking (23 spaces on a 0.7‑acre lot).
  • Strong demographics: over 4,600 residents and 1,600 daytime employees within a 5‑mile radius, average household income $50,152.
Property Profile Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Edmonton
County
Metcalfe
State
Kentucky
Longitude
-85.6174602
Latitude
36.9795943

FAQs

What type of property is this?
Individual retail property - Absolute NNN Lease, Strong Tenant
Where is this individual retail property located?
The property is located at 411 Stockton St Edmonton, KY.
What is the asking price?
The asking price for this property is $1,738,000.
What are key features of this property?
This property features: Fee simple ownership of a newly constructed (2023) 2,500 SF Walgreens pharmacy in Edmonton, KY.; Prime location on a signalized intersection with high daily traffic (15,900 vehicles). Absolute NNN lease with Walgreens (S&P: BBB-), corporate guarantor, 8.5+ years remaining, four 5-year options, 5% rent increases every 5 years.; Drive-thru pharmacy with strong nearby tenants (Dollar General, ACE Hardware) and ample parking (23 spaces on a 0.7-acre lot).
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message