3516 Dixie Hwy - Drug Store FOR SALE
Erlanger, KY 41018 |
3516 Dixie Hwy
Erlanger, KY 41018
HIGHLIGHTS
- ZERO CASHFLOW - LONG TERM LEASE (17.5 YEARS) - Primary Term expires 1/31/2043. CVS has operated from this location since 2017.
- ASSUMABLE DEBT AT 3.90% INTEREST RATE
- INCLUDES PAYDOWN READVANCE FEATURE - Facilitates significant tax savings for 1031 Exchange Buyer.
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
- EXCELLENT LOCATION - Adjacent to numerous national credit tenants including Advance Auto Parts, Family Dollar, Midas, Kroger, McDonalds, USPS and more
- STRONG DEMOGRAPHICS - Average Household Income in a 3-mile radius is $101,771 in a population of 140,482 in a 5-mile radius.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
9516
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
003-40-35-009.00
