517 N Green Street, Henderson, KY
Retail for Sale - $1,890,000 - 11,310 Sq. Ft. on 1.2 acres
Property Info
| CIMLS# | 1039662 |
| Location 517 N Green Street Henderson KY 42420 | |
| Updated | August 23rd, 2019 |
| Type | Retail |
| Price | $1,890,000 |
| Building | 11,310 Sq. Ft. |
| Land | 1.2 acres |
Property Description
Listed at at 8.47% CAP Rate, this high yield investment allows room to grow. There are five (5) years remaining on the lease term, plus four (4), five (5) year options. Each rental renewal period increases 10%. Rite-Aid has been operating in this location since 1997 and recently agreed to a new five-year lease term. The lease is corporately guaranteed by Walgreens Corporation. The lease structure is triple Net (NNN) with no Landlord responsibilities. Well-maintained block construction helps to alleviate deferred maintenance in the future.