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Walgreens

1355 2nd Street, Henderson, KY, United States
$2,307,433 9.00% Cap 14,565 sq ft Built 2006 Representative Photo Print This Page

Location

1355 2nd Street, Henderson, KY, United States

Sale Price: $2,307,433
CAP Rate: 9.00%
Building Size: 14,564 SF
Lot Size: 1.38 AC
Year Built: 2006
Market: Evansville

Corporate GuaranteeLocated on a Major Commercial ThoroughfareLong Term NNN LeaseZero Landlord Obligations

This is a NNN leasehold Walgreens opportunity. The property is subject to a lease which began in 2006 and runs through 2026. The lease was assigned to Walgreens and has a corporate guarantee. The ground lease is coterminous with the Walgreens lease. Rent increases 10% every 10 years in the initial term. There are eight 5-year renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by national retailers including Family Dollar and Big Lots, and 2 miles from the Methodist Hospital.

Henderson is a home rule-class city along the Ohio River in Henderson County in western Kentucky in the United States. The population was 28,757 at the 2010 U.S. census. It is part of the Evansville Metropolitan Area, locally known as the “Kentuckiana” or the “Tri-State Area”.

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Jacob Abusharkh Managing Principal View profile

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