INVESTMENT HIGHLIGHTS
• | Brand New Construction | Scheduled Opening in June 2022 |
• | Tenant recently signed a brand new 10-year lease with 4 (5-year) option periods |
• | Features a 5% rental increase starting year 6, followed by 7.50% rental increases at the beginning of each option |
• | Lease is signed by the corporate entity (NASDAQ: WBA | S&P: BBB) |
• | New "Cooper" prototype is complete with a drive-thru to maximize both sales and convenience to the customer base surrounding the site |
• | Strategically located along Prestonsburg St/U.S. Highway 460 with clear access and visibility to 8,900 VPD |
• | Located 0.5 miles south of U.S. Route 20 (34,300 VPD) |
• | Within walking distance to Morgan County ARH Hospital, a well-established regional healthcare facility |
• | Surrounding national/credit tenants include Family Dollar, Dairy Queen, The Citizens Bank, CarQuest, First National Bank, and others |
• | Within close proximity to numerous single-family communities and multi-family complexes including West Liberty Apartments and Wells Hill Apartments |
• | More than 5,800 residents and 2,700 employees support the trade area |
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