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Walgreens Absolute NNN Lease

$4,197,000

200 Lafollette Station Drive, Floyds Knobs, IN 47119

Active
Last Updated: 07/24/2024

6.36

Cap Rate

267,000

NOI

Details:
Cap Rate:    6.36%
NOI:    $267,000
Building Size:    14,820 sqft
Lot Area:    1.5 acres
Lease Type:    Absolute Net
Highlights:
  • Absolute NNN Lease
  • Corporate guaranty - NASDAQ:WBA
  • Seller financing available
  • High reported sales for 2022 - $3,998,000
  • Zero landlord obligations
  • High visiblity - 16,963 VPD
  • Neighboring Retailers that include McDonald's, Taco Bell, AutoZone Auto Parts, Dairy Queen Grill & Chill, Chase Bank, Papa John's Pizza & many more
Description:

PROPERTY DESCRIPTION
The Kase Group is pleased to present the opportunity to acquire an absolute NNN Leased Walgreens located in Floyds Knobs, Indiana. The building consists of 14,820 square feet situated on a 1.5 acre lot. The lease has 8 years remaining with zero landlord obligations. This top performing location has high visibility along US Highway 150 with exposure to 16,963 vehicles per day with neighboring retailers that include McDonald's, Taco Bell, AutoZone Auto Parts, Dairy Queen Grill & Chill, Chase Bank, Papa John's Pizza & many more.

LOCATION DESCRIPTION
Floyds Knobs is a small unincorporated community in Lafayette Township, Floyd County, Indiana, United States. Historically a farming community on the outskirts of New Albany, it has since become a bedroom community for Louisville, Kentucky. It contains subdivisions, farms, small shopping centers, churches, and transmitters for many of the area's television and radio stations. It is also the location of Floyd Central High School. There is a population of about 11,412 to 12,439.

Map:
Documents:
Title
Walgreens_-_Floyds_Knobs__IN.pdf
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Location
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