Walgreens: Louisville, KY 4926 Cane Run Rd 14,820 SF Retail Building Louisville, KY 40216 $4,665,291 CAD ($314.80 CAD/SF) 6.65% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New NNN Lease
- Surrounded by a Dense Concentration of Residential with 2,850 Households within 1-Mile.
- Tenant | Walgreen Co.
- Located at the Intersection of Terry Road (11,442 VPD) and Cane Run Road (36,800 VPD).
- Louisville-Jefferson County, KY-IN MSA Advantage (Population 1.3M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 14,820-square-foot Walgreens situated on 2.23 acres in Louisville, Kentucky (MSA Population: 1.3M+). Walgreens’ NNN lease recently commenced in November 2023 and features ±13.7 years of term remaining with 5% rent increases every 5 years throughout the term and in each of the twelve 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Price
$4,665,291 CAD
Price Per SF
$314.80 CAD
Cap Rate
6.65%
NOI
$310,242 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.23 AC
Parking
69 Spaces (4.72 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 101804450000 | Improvements Assessment | $2,975,852 CAD |
| Land Assessment | $1,389,919 CAD | Total Assessment | $4,365,771 CAD |
