3516 Dixie Hwy | Erlanger, KY 41018
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3516 Dixie Hwy
Erlanger, KY 41018
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ZERO CASHFLOW - LONG TERM LEASE (17.5 YEARS) - Primary Term expires 1/31/2043. CVS has operated from this location since 2017.
- INCLUDES PAYDOWN READVANCE FEATURE - Facilitates significant tax savings for 1031 Exchange Buyer.
- EXCELLENT LOCATION - Adjacent to numerous national credit tenants including Advance Auto Parts, Family Dollar, Midas, Kroger, McDonalds, USPS and more
- ASSUMABLE DEBT AT 3.90% INTEREST RATE
- ABSOLUTE NET BOND LEASE - No Landlord Responsibilities
- STRONG DEMOGRAPHICS - Average Household Income in a 3-mile radius is $101,771 in a population of 140,482 in a 5-mile radius.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,516 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.32 AC
Parking
50 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
345’ on Dixie Hwy
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 003-40-35-009.00 | Improvements Assessment | $2,258,000 |
| Land Assessment | $656,000 | Total Assessment | $2,914,000 |
PROPERTY TAXES
Parcel Number
003-40-35-009.00
Land Assessment
$656,000
Improvements Assessment
$2,258,000
Total Assessment
$2,914,000
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