Walgreens - Richmond, KY

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Pricing and Location

Price:   $6,245,455

Address:   501 Caperton Drive, Richmond, KY 40475

Status:   Available

Property Details

CAP Rate: 5.50% Year Built: 2015
Net Rentable Area: 14,820
Lot Size (Acres): 2.30 NOI: $343,500

Marketing Materials

Property Description

(File Photo Above)
Walgreens, located at 501 Caperton Drive, Richmond, Kentucky. The 20 year NNN lease (no landlord obligations) was constructed in 2015 and has 18.3 years remaining on the base term of the lease (as at the time this campaign was launched) with a base term expiration date of August 2035, followed by eleven 5 year options thereafter. These inviting option terms are a rarity in the reformulated Walgreens lease structure. Located along the corridor of Eastern Bypass 876 which is flanked by such national retailers as: Krogers, McDonald’s, Hobby Lobby, Applebee’s, KFC, White Castle, WalMart Super Center, and Lowe’s Home Improvement Center. The site is also strategically located near the Richmond Women’s Healthcare Center and Clinic and just outside the campus of Eastern Kentucky University (EKU).

Area Map and Street View

What Clients Are Saying                                     

"Lior Regenstreif is a professional broker that achieves real results for his clients. We purchased a transaction from a seller who had not sold a property in many years and wanted the highest price with no hassles. We were the ultimate buyer and Lior got his seller the price he wanted and made the process as smooth as possible."
Brian Fagan, Selective Real Estate Investments

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557