Winchester, KY - Walgreens (Subleased to Popshelf)
$3,543,000
104 Pedro Way, Winchester, KY 40391
8.5
Cap Rate
301,125
NOI
Details:
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
Location
Gallery