Overview
- Price:
- $ 5,679,984 12.3
- CAP Rate:
- 6.25%
- Years Guaranteed:
- 12.3
- NOI:
- $354,999
Investment Highlights
ALEXANDRIA, KY WALGREENS
- Unique Kroger Co-Branding, One of Only 13 in Pilot Program – Driving Sales Up by 20% in Last Few Years
- Absolute Net Lease – Zero Landlord Responsibilities
- Strategic Location for Walgreens – Just 12 Miles From Downtown Cincinnati, OH
- Strong Traffic Counts: 29,000 VPD
- Shadow Anchored by a Walmart Supercenter
- Full Walgreens Corporate Guaranty
This is one of only 13 Walgreens that served as a pilot program for a co-branding partnership with Kroger. These stores feature convenience and food items of which 30% were Kroger store brands. The partnership has produced tremendous results, as Walgreens store sales are up over 20% at this location since the launch. This store is well positioned immediately across the street from a Walmart Supercenter, on the high traffic intersection of Alexandria Pike and Viewpoint. With a full Guaranty from Walgreens Corporate, this store is ideal for a 1031 exchange
Documents
Address: 1 S Viewpoint Drive
City: Alexandria
State/County: Kentucky
Zip: 41001
Country: United States
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