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Winchester, KY - Walgreens (Popshelf Sublease)

$3,543,000

104 Pedro Way, Winchester, KY 40391

Active
Last Updated: 01/13/2026

8.5

Cap Rate

301,125

NOI

Details:
Cap Rate:    8.5%
NOI:    $301,125
Building Size:    14,579 sqft
Lot Area:    1.59 acres
Occupancy:    100%
Year Built:    2006
Zoning:    PD: Planned Development
Description:

• The Walgreens is currently subleased to Popshelf and has over 3 years of term remaining
• The asset is located at the signalized, hard-corner intersection of Pedro Way and Highway 1958, with an average of 25,800 VPD, providing multiple points of egress and ingress
• The site benefits from easy access to Interstate 64, which carries approximately 45,100 vehicles per day, driving strong consumer traffic to the property

• The subject property is located less than two miles from Kroger Plaza, a Kroger-anchored center with national/credit tenants including Bealls, Cato Fashions, Sally Beauty, and Sonic Drive-In
• The site benefits from being surrounded by nearby national/credit tenants, including Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply, Dollar Tree, and more
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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