Receiver Sale: Walgreens | Louisville, KY | 17.5K VPD

Highlights:

• Strength of National Tenant: Long-term Walgreens tenancy provides secure, passive income backed by one of the largest and most established pharmacy chains in the U.S.
• Absolute Triple-Net (NNN) Lease: Zero landlord responsibilities for the duration of the term, offering investors a hands-off, bond-like income stream.
• Term Remaining & Built-In Growth: Lease runs through May 2030, with eight 5-year renewal options featuring 5% rental increases, supporting durable long-term cash flow.
• Prime Urban Retail Location: Positioned along the high-traffic Taylor Boulevard corridor with 17,500 vehicles per day, just off heavily traveled Dixie Highway (53,600 VPD).
• Established Daily-Needs Trade Area: Surrounded by essential retailers including Save-A-Lot and anchored by the adjacent Hazelwood Shopping Center, driving consistent foot traffic.
• Proximity to Medical Demand Drivers: Steps from the Hazelwood Specialty Clinic, drawing steady needs-based visitation from patients, healthcare staff, and the surrounding community.

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2894/receiver-sale-walgreens-louisville-ky-17.5k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2894


Jones Lang LaSalle Americas, Inc. (“JLL”), in conjunction with RI Marketplace, is pleased to present for sale the Walgreens Pharmacy located at 4149 Taylor Boulevard in Louisville, Kentucky (the “Property” or “Asset”). This offering provides an investor the exceptional opportunity to acquire an asset with passive income from a national corporate tenant. The Property is strategically positioned in a high-traffic urban corridor, benefiting from excellent visibility on Taylor Blvd (17,500 VPD) and its close proximity to the heavily-traveled Dixie Hwy (53,600 VPD).

The Asset is embedded within a dense and essential retail hub, adjacent to the Hazelwood Shopping Center and surrounded by daily-needs tenants like Save-A-Lot. Its position is further strengthened by its proximity to the Hazelwood Specialty Clinic, creating a powerful synergy that drives consistent, needs-based traffic from patients, staff, and the surrounding community.

Louisville is a dynamic and growing MSA, powered by its world-class logistics and healthcare industries. The city is home to UPS Worldport, the largest automated package handling facility in the world, making it a critical nerve center for global commerce. Its healthcare sector is a dominant economic driver, with major employers like Humana, Norton Healthcare, and UofL Health anchoring the local economy. The Property’s location benefits directly from significant public investment, including the recently completed "New Dixie Highway" project, which transformed the nearby major artery with infrastructure and safety upgrades, enhancing the commercial vitality of the entire corridor.

With a long-term, absolute triple-net (NNN) lease, the Property offers a truly passive income stream with zero landlord responsibilities. This represents a rare opportunity to acquire a durable, long-term investment secured by a top-tier tenant in a fundamentally strong location within a major U.S. metropolitan area.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: