2005 Centennial Blvd Independence, KY 41051-7041

This exceptional investment opportunity presents a single-tenant, absolute NNN leased Walgreens property located at 2005 Centennial Boulevard, Independence, Kentucky 41051. The property boasts a 7.5-year remaining lease term on a 2.11-acre parcel, featuring approximately 50 parking spaces and a single-lane drive-thru. Built in 2008, this 1-story, 1-building retail space enjoys 100% occupancy and a strong 7.50% cap rate. The asking price is $3,825,320, translating to a land value of $258 per square foot. The property benefits from its established location with a 17-year operating history and is surrounded by a vibrant retail environment including McDonald's, Chipotle, Taco Bell, Wendy's, Papa John's, Starbucks, Ace Hardware, Buffalo Wild Wings, and Sherwin-Williams. Conveniently located near Aldi and Kroger grocery stores, and within proximity to multiple medical clinics and Simon Kenton High School, this property serves a high-income demographic with an average household income of $120,068 within a 3-mile radius. The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity with minimal landlord responsibilities. This is a Net Lease (NNN) investment with no landlord responsibilities.