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Cincinnati MSA Walgreens | 10% CAP | Abs NNN 6617 Dixie Hwy 10,504 SF Retail Building Florence, KY 41042 $3,050,000 ($290.37/SF) 10% Cap Rate
Investment Highlights
- Located approximately 12 miles south of downtown Cincinnati within the Cincinnati MSA, providing access to a large employment base.
- Positioned along US-25 with connectivity to I-71/75 and within close proximity to Cincinnati/Northern Kentucky International Airport.
- Walgreens operated on an absolute net lease with no landlord responsibilities whatsoever.
- Located approximately 1.2 miles from St. Elizabeth Florence Hospital, a 180-bed regional medical campus.
- 1.5 miles from a primary Northern Kentucky retail corridor along Mall Rd./Houston Rd. anchored by Walmart, Target, Home Depot, and Meijer.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,504 SF
Building Class
C
Year Built
2005
Price
$3,050,000
Price Per SF
$290.37
Cap Rate
10%
NOI
$305,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.44 AC
Frontage
234’ on Dixie Hwy
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 061.26-28-007.00 | Improvements Assessment | $2,260,000 |
| Land Assessment | $1,000,000 | Total Assessment | $3,260,000 |
Property Taxes
Parcel Number
061.26-28-007.00
Land Assessment
$1,000,000
Improvements Assessment
$2,260,000
Total Assessment
$3,260,000
Contacts
-
Sean Dan -
Jason Pongsrikul -
Chris Barry -
Pharma Property Group- Drugstore Specialists
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Cincinnati MSA Walgreens | 10% CAP | Abs NNN | 6617 Dixie Hwy
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