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33544000
33543998

5901 N Springboro Pike, Dayton, OH 45449

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
MG
MI MI 6501381426
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$2,474,000
531 days on market
Updated 10 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,560
Cap Rate 9.5%
NOI $234,999
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 07/30/2029
Remaining Term 3.1
Lease Options (10), Five-Year Options
Price per SqFt $170
Year Built 2004
Acreage 4.800
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/01/2004

Shadow Anchored by Major Retailers

Marketing description

Introducing WALGREENS - 5901 Springboro Pike, Dayton, OH 45449, a prime property shadow anchored by Meijer and Kroger. This attractive investment opportunity boasts an absolute net lease for a worry-free investment experience. Located in a high-traffic area, this property offers excellent visibility and accessibility, ensuring a steady flow of customers. The WALGREENS tenant provides a stable and reliable income stream, making it an ideal addition to any investor's portfolio.

Don't miss out on this exclusive listing by Encore Real Estate Investment Services. Conduct your independent investigation and due diligence to secure this lucrative investment.

With a strong national tenant in place and neighboring anchor stores, this property presents a rare chance to capitalize on a secure and established retail location. Contact us today to learn more and seize this exceptional investment opportunity.

Investment highlights

  • Absolute Triple Net (NNN) Lease: Features an absolute NNN lease structure with zero landlord responsibilities

  • Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer, two high-performing retail giants that drive consistent consumer traffic

  • Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site

  • Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S

  • Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius

  • High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day, ensuring strong exposure for the property.

  • Expansive Lot Size: Situated on a 4.8-acre lot just off the major intersection of North Springsboro Pike and West Alex Bell Road, providing significant flexibility for future development or expansion.

  • Surrounded by National Tenants: Neighboring national brands include Meijer, Kroger, O'Reilly Auto Parts, Rally's, Valvoline, Popeyes, and more

Listing Contacts

DB
OH BRKP.2020008390, MI 6502378067
Encore Real Estate Investment Services
MG
MI MI 6501381426
Encore Real Estate Investment Services
BH
MI 6501349119
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,999.00
$19,583.25/mo

Valuation Metrics

0
DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Deno Bistolarides
License
BRKP.2020008390
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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