2840 Alexandria Pike Highland Heights, KY 41076-1523

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.