Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens pharmacy located at 2840 Alexandria Pike, Highland Heights, Kentucky, 41076. The property boasts 13,905 square feet on a 1.66-acre lot and is currently 100% occupied under a corporate-guaranteed, Net Net (NN) lease with Walgreens. The lease commenced December 6, 1997, and has a remaining term of approximately 9.1 years, expiring December 31, 2033. The current annual net operating income (NOI) is $245,000,… representing a 6.25% cap rate on the asking price of $3,920,000. Built in 1997, this single-tenant property benefits from a strong tenant with a proven track record. The lease includes scheduled rent increases of 10% in options, providing future income growth potential. The property's strategic location and the presence of a Kroger Express within the Walgreens further enhance its appeal and foot traffic. This is a rare opportunity to acquire a stable, high-performing retail investment with significant remaining lease term and a strong corporate guarantee. The property is offered as a fee-simple ownership, minimizing landlord responsibilities under the NN lease structure.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,040 SF
- Lot area
- 1.66 ac
- Year built
- 1997
- Stories
- 1
- APN
- 999-99-20-872.00
- Assessed value · 2023
- $4,184,600
- Annual tax · 2023
- $50,215
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
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