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New Walgreens with Drive-Thru

740 KY-15, Jackson, KY 41339

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Newly built Walgreens in Jackson, KY with drive-thru.

Type:Retail

Property size:

2,500 SF

Price / SF:

$662/SF

HighLights

Absolute NNN lease with zero landlord responsibilities, ideal for passive investors.
Corporate‑backed lease (S&P: BBB-) with Walgreen Co., providing stability.
Newly built (2023) drive‑thru Walgreens property, featuring the new 'Cooper' prototype with a health and wellness focus.
Located on State Highway 15 with high visibility and access to 14,000 vehicles per day.
Features rare 5% rental increases during the initial term and 7.5% increases during option periods.
Located near residential communities and other national retailers, ensuring consistent traffic.

We can help!

Contact an agent

Sean Lutz

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For Sale

Contact for pricing

Newly built Walgreens in Jackson, KY with drive-thru.

Type:Retail

Property size:

2,500 SF

Price / SF:

$662/SF

Added:: May 28, 2024
Days on Market:: 772
Last Refresh:: Jul 2 at 7:57 am

Property Features for 740 KY-15

General Information

Standard status: Active
Size: 2,500 SF
Property subtype: Retail

Building Details

Year Built: 2023

We can help!

Contact an agent

Sean Lutz

Listing office SRS Real Estate Partners Chicago

Listing date May 28, 2024

Source Crexi

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 SRS Real Estate Partners Chicago

HighLights

Absolute NNN lease with zero landlord responsibilities, ideal for passive investors.
Corporate‑backed lease (S&P: BBB-) with Walgreen Co., providing stability.
Newly built (2023) drive‑thru Walgreens property, featuring the new 'Cooper' prototype with a health and wellness focus.
Located on State Highway 15 with high visibility and access to 14,000 vehicles per day.
Features rare 5% rental increases during the initial term and 7.5% increases during option periods.
Located near residential communities and other national retailers, ensuring consistent traffic.

Overview

This newly constructed Walgreens property in Jackson, KY, features a drive-thru and is strategically located along State Highway 15, benefiting from high visibility and accessibility with approximately 14,000 vehicles passing daily. The property is near single-family communities and multi-family complexes including Federal Place Apartments and Red Bud Apartments. The surrounding area includes Citizens Bank, Advance Auto Parts, Hardee’s, Walmart, and Variety Pizza House. The property is one of Walgreens’ brand new “Cooper” prototype pharmacies, with a health and wellness focus. The tenant, Walgreen Co., has 7 years of firm term remaining with an additional 4 (5-year) option periods left to extend. The lease features rare 5% rental increases throughout the initial term and 7.50% increases throughout the options. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities. The 5-mile trade area is supported by over 5,900 residents and 2,800 daytime employees, with an average annual household income of $57,911. The property size is 2,500 square feet.

Location Intelligence

Current Use by Public Records

Drug stores

Similar Places Nearby

Breathitt Prescription Center — 1112 Main St, Jackson, KY 41339
Thomas J. Parr, RPh — 59 Highway 15 South, Jackson, KY 41339
Dorrita Mullins, ARNP — 59 KY-15, Jackson, KY 41339
Ranita Greer — 59 KY-15 N, Jackson, KY 41339
Kelly Barker — 59 KY-15 N, Jackson, KY 413399631

Map

City: Jackson
County: Breathitt
State: Kentucky
Longitude: -83.3068
Latitude: 37.532

For sale
Drug stores
KY
Jackson
41339
740 KY-15

What type of property is this?

Drug store - Newly built Walgreens in Jackson, KY with drive-thru.

Where is this drug store located?

The property is located at 740 KY-15 Jackson, KY.

What is the asking price?

The asking price for this property is $1,656,000.

What are key features of this property?

This property features: Absolute NNN lease with zero landlord responsibilities, ideal for passive investors.; Corporate‑backed lease (S&P: BBB-) with Walgreen Co., providing stability.; **Newly built (2023) drive‑thru Walgreens property, featuring the new 'Cooper' prototype with a health and wellness focus.**