6617 Dixie Hwy - Drug Store FOR SALE


Florence, KY 41042
$3,050,000 USD
858-414-8051
6617 Dixie Hwy, Florence, KY for Sale
$3,050,000 USD
Drug Store - FOR SALE
1/2
null | 10% Cap Rate

6617 Dixie Hwy
Florence, KY 41042


HIGHLIGHTS

  • Located approximately 12 miles south of downtown Cincinnati within the Cincinnati MSA, providing access to a large employment base.
  • Located approximately 1.2 miles from St. Elizabeth Florence Hospital, a 180-bed regional medical campus.
  • Positioned along US-25 with connectivity to I-71/75 and within close proximity to Cincinnati/Northern Kentucky International Airport.
  • 1.5 miles from a primary Northern Kentucky retail corridor along Mall Rd./Houston Rd. anchored by Walmart, Target, Home Depot, and Meijer.
  • Walgreens operated on an absolute net lease with no landlord responsibilities whatsoever.

OVERVIEW

We are pleased to market for sale the Walgreens located at 6617 Dixie Highway in Florence, Kentucky 41042 (the “Property”). The Property is leased on an absolute triple net basis with no landlord responsibilities. The site benefits from proximity to Interstate 71/75, providing regional connectivity to downtown Cincinnati, Louisville, and Lexington. Cincinnati/Northern Kentucky International Airport is located approximately 2 miles from the Property and serves as a major regional employment and logistics hub. The Property is located approximately 1.2 miles from St. Elizabeth Florence Hospital, a 180-bed regional medical campus providing emergency, outpatient, and pediatric services, including the Children’s Pavilion. The hospital serves as a primary healthcare provider for Northern Kentucky. The Property is also located approximately 1.5 miles from a major retail corridor along Mall Road and Houston Road, anchored by national tenants including Walmart, Target, The Home Depot, Meijer, Sam’s Club, Lowe’s, Kohl’s, ALDI, and Gabe’s. The corridor functions as a primary retail destination for Boone County and surrounding Northern Kentucky communities. Listed in conjunction with Brian Brockman, Bang Realty Inc., 513-898-1551, wg@bangrealty.com, KY DRE Lic. 204982.

FOR SALE DETAILS

PRICE

$3,050,000 USD

PRICE/SF

$290 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cincinnati MSA Walgreens | 10% CAP | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

-

APN/PARCEL ID

061.26-28-007.00

ASK ABOUT THIS PROPERTY

Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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Sean DanPharma Property Group- Drugstore SpecialistsMore Info
858-414-8051

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