Walgreens | High Quality Investment with Established Rent Increases

Highlights:

• Absolute Triple Net (NNN) Lease - Allowing For a True Passive Investment and Zero Landlord Responsibilities
• 10% Rent Increases – Multiple 5 Year Options to Extend With Fixed Increases of 10%, Providing Landlord Leverage Upon Renewal
• Investment Grade Tenant – (S&P: BBB) With Corporate Guarantee
• Full Walgreens Conversion - The Tenant Has Shown Strong Commitment to the Site By Recently Completing a Full Conversion From Rite Aid in 2020
• COVID-19 Vaccine Location - The Walgreens is One of the Only Providers of the Vaccine in the Surrounding Area, Creating Another Strong Traffic Driver
• Zero National Drugstore Competition - Very Wide Radius With the Next Closest National Drugstore Over 20-Miles to the Northeast, Over 30-Miles to the West, Over 35-Miles to the South and 41-Miles to the Southeast
• Strong Location – The Property is Located on the Main Throughfare Through Hyden, KY, Drawing on Customers From Up to 25-Miles Away
• Over 10,418 People Live Within a 10-Mile Radius Making an Average Household Income of $40,634
• Surrounding Tenants Include: Family Dollar, Dollar General, Subway, Advance Auto Parts, Dairy Queen, Save A Lot, Walmart Supercenter, Lowe’s, Goodwill, Starbucks, Taco Bell and More

Description:

Sands Investment Group is Pleased to Present Exclusively For Sale the 11,180 SF Walgreens Located at 21287 Highway 421 in Hyden, KY. Over 6 Years Remain on an Absolute Triple Net Lease With Attractive 10% Increases in the Option Period. This Opportunity Provides For a High-Quality Investment With Established Rent Increases in a Market With Zero National Drugstore Competition Within a 20-Mile Radius.




In Cooperation With: Sands Investment Group Kentucky, LLC
Lic. # 251681 BoR: Kaveh Ebrahimi - KY Lic. # 251680

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