Walgreens (former Rite Aid)

Property Type: | Property Status: Sold

Walgreens former Rite Aid

Property Details

Price: $2,475,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type: Absolute NNN

Location Info

Address: 21287 Highway 241

City: Hyden

State: KY

Zip: 41749

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Walgreens location in Hyden, Kentucky. The 11,180 S.F. building was built in 2007 and features a former Rite Aid in process of conversion to Walgreens on an Absolute NNN lease structure. There is approximately 7.5 years remaining on the original 20-year lease.

Dan Cooper, President and Broker of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Alaska. The buyer, out of California, purchased for $2,475,000. Through marketing efforts, the Cooper Group generated a significant amount of interest in the property along with multiple competitive offers. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperG