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Walgreens | 3.10% Assumable Financing 520 Lyndon Ln 15,134 sq ft Retail Property Louisville, KY 40222 £5,215,930 (£344.65/sq ft) 8.07% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Original 20-Year Lease – Triple Net Structure
- Exceptional Assumable Debt
- Excellent Corporate Guaranty
EXECUTIVE SUMMARY
NNN Pro and Bang Realty are pleased to present the exclusive listing for a Walgreens located at 520 Lyndon Lane, Lyndon, KY. The site consists of roughly 15,134 rentable square feet of building space on an estimated 1.84-acre parcel of land. This Walgreens is subject to a 20-year Triple Net (NNN) lease, which commenced 10/6/2001. The current annual rent is $560,000.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Pharmacy
Property Size
15,134 sq ft
Costar Property Class
B
Year Built
2001
Price
£5,215,930
Price per sq ft
£344.65
Yield
8.07%
NOI
£421,179
Tenancy
Single
Number of Floors
1
Plot ratio
0.19
Total Plot Size
1.84 ac
Use Class
C1-COMMERC
Parking
35 Spaces (2.31 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
- Freeway Visibility
- Pylon Sign
- Signalised Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 026001740000 | Improvements Assessment | £2,030,686 |
| Land Assessment | £225,632 | Total Assessment | £2,256,318 |
PROPERTY TAXES
Parcel Number
026001740000
Land Assessment
£225,632
Improvements Assessment
£2,030,686
Total Assessment
£2,256,318
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Walgreens | 3.10% Assumable Financing | 520 Lyndon Ln
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