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Walgreens (Subleased to Dollar General) 3186 Harrison Ave 14,657 SF Retail Building Cincinnati, OH 45211 $4,954,000 ($338.00/SF) 8.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Signalized, Hard Corner Intersection | High Traffic Area | Excellent Visibility & Access | Drive-Thru Equipped
- Western Hills Plaza | Western Village Shopping Center
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The Walgreens is currently subleased to Dollar General and has over 2 years of term remaining
• The asset is located at the signalized hard corner intersection of Harrison Avenue and Boudinot Avenue, providing the site with excellent visibility and frontage on two major thoroughfares as well as multiple access points
• Thousand Oaks Dr and Nagodoches Rd combine to average over 21,700 vehicles passing by daily, increasing consumer exposure to the site
• The asset is located at the signalized hard corner intersection of Harrison Avenue and Boudinot Avenue, providing the site with excellent visibility and frontage on two major thoroughfares as well as multiple access points
• Thousand Oaks Dr and Nagodoches Rd combine to average over 21,700 vehicles passing by daily, increasing consumer exposure to the site
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,657 SF
Building Class
B
Year Built
2003
Price
$4,954,000
Price Per SF
$338.00
Cap Rate
8.75%
NOI
$433,517
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.37 AC
Zoning
T5N.SS-O - Commercial
Parking
65 Spaces (4.43 Spaces per 1,000 SF Leased)
Frontage
567’ on Harrison Ave
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 210-0077-0017 | Improvements Assessment | $500,479 |
| Land Assessment | $234,521 | Total Assessment | $735,000 |
PROPERTY TAXES
Parcel Number
210-0077-0017
Land Assessment
$234,521
Improvements Assessment
$500,479
Total Assessment
$735,000
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Walgreens (Subleased to Dollar General) | 3186 Harrison Ave
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