1160 Us 68 Hwy, Maysville, KY 41056
11,180 SF | Retail Building | Maysville, KY 41056 | $2,200,000 ($197/SF) | 8.01% Cap Rate
For Sale
Active
Asking Price $2,200,000
- Property Type
-
Retail
- Square Feet
- 11,180 SF
- Price / Square Foot
- $197
Listing Contacts
Steven Silverman
Victor Lewis
Property Overview
±11,000 SF single-tenant Walgreens investment property located in Maysville, KY
After Walgreens’ $4.4 billion acquisition of Rite Aid in 2018, Walgreens identified this former Rite Aid as a store they wanted to transfer to Walgreens
Walgreens recently extended their term through 10/31/2032 with a 5% rent increase scheduled for November 2027
The property is located less than 2 miles from the Meadowview Regional Medical Hospital, a 100- bed accredited hospital. It has been named one of the ‘100 Top Hospitals’ 5 times by Reuters
The next closest CVS Pharmacy is 40 miles away and the next closest Rite Aid is over 55 miles away. Additionally, this is the only Walgreens location within 30 miles
The offering contains additional income outside of the Walgreens annual rent, which includes close to $10,000 annually in the form of a license agreement for extra storage space which is critical to Walgreens’ day-today operations.
The property is strategically located along US Highway 68 (13,485 VPD) and just north of KY 9 (13,830 VPD), the two main local thoroughfares which host numerous national retailers.
Asking Price: $2,200,000 (8.01% Cap)
After Walgreens’ $4.4 billion acquisition of Rite Aid in 2018, Walgreens identified this former Rite Aid as a store they wanted to transfer to Walgreens
Walgreens recently extended their term through 10/31/2032 with a 5% rent increase scheduled for November 2027
The property is located less than 2 miles from the Meadowview Regional Medical Hospital, a 100- bed accredited hospital. It has been named one of the ‘100 Top Hospitals’ 5 times by Reuters
The next closest CVS Pharmacy is 40 miles away and the next closest Rite Aid is over 55 miles away. Additionally, this is the only Walgreens location within 30 miles
The offering contains additional income outside of the Walgreens annual rent, which includes close to $10,000 annually in the form of a license agreement for extra storage space which is critical to Walgreens’ day-today operations.
The property is strategically located along US Highway 68 (13,485 VPD) and just north of KY 9 (13,830 VPD), the two main local thoroughfares which host numerous national retailers.
Asking Price: $2,200,000 (8.01% Cap)
Property Details
- Class
- B
- Year Built
- 1997
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 45,302 SF
Highlights
- The property is located less than 2 miles from the Meadowview Regional Medical Hospital, a 100- bed accredited hospital
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