385 Northland Blvd - Drug Store FOR SALE


Springdale, OH 45240
$4,723,200 USD
310-750-7175
385 Northland Blvd, Springdale, OH for Sale
$4,723,200 USD
Drug Store - FOR SALE
1/3
null | 6.25% Cap Rate

385 Northland Blvd
Springdale, OH 45240


HIGHLIGHTS

  • Long-Term Absolute NNN Lease
  • Top Performing Walgreens
  • Attractive Rent Escalations
  • Large Parcel With Drive-Thru

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,723,200 USD

PRICE/SF

$320 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.57 AC

LAND SF

111,949 SF

ZONING

LRB, Springdale

APN/PARCEL ID

599-0042-0147

ASK ABOUT THIS PROPERTY

Kyle GulockSurmountMore Info
310-750-7175

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Kyle GulockSurmountMore Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.