Walgreens
Retail | 6.25% CAP | 14,747 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Walgreens located at 385 Northland Boulevard, Cincinnati, OH 45240. The site consists of roughly 14,747 rentable square feet of building space on an estimated 2.57-acre parcel of land. Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2.23.2023. The current annual rent is $295,200 and has scheduled increases of 5.00% Every 5 Years.
Investment highlights
Long-Term Absolute NNN Lease | 15-year triple-net lease commenced in 2023, providing passive income with no landlord responsibilities. With 12+ Years Remaining on Initial Lease Term & twelve (12) 5-year renewal options.
Top Performing Walgreens | Ranked Top 12% in Ohio and Top 20% Nationally (Placer.ai).
Attractive Rent Escalations | Annual rent of $295,200 with 5.00% increases every five years enhances long-term income growth.
Large Parcel With Drive-Thru | Situated on 2.57 acres with strong site functionality, supporting long-term operational flexibility.
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