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Walgreens (Subleased to Dollar General) 932 Lila Ave 14,487 SF Retail Building Milford, OH 45150 $3,824,000 ($263.96/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 3+ Years Remaining | Signalized, Hard Corner Intersection | Drive-Thru Equipped | Interstate 275
- Clermont Shopping Center | Rivers Edge At Milford
- 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 3 years of term remaining
• The asset is located at the signalized, hard corner intersection of Lila Avenue and Mohawk Trail, providing the site with excellent visibility and ease of access
• The site is located less than a mile from the intersection of Interstate 275 and Lila Ave, which combine to average over 86,600 vehicles per day
• The asset is located at the signalized, hard corner intersection of Lila Avenue and Mohawk Trail, providing the site with excellent visibility and ease of access
• The site is located less than a mile from the intersection of Interstate 275 and Lila Ave, which combine to average over 86,600 vehicles per day
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,487 SF
Building Class
B
Year Built
2004
Price
$3,824,000
Price Per SF
$263.96
Cap Rate
8.50%
NOI
$325,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.61 AC
Zoning
B-3 - General Business District
Parking
77 Spaces (5.32 Spaces per 1,000 SF Leased)
Frontage
176’ on Lila Ave
AMENITIES
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 21-07-27.-010P | Improvements Assessment | $583,730 |
| Land Assessment | $149,630 | Total Assessment | $733,360 |
PROPERTY TAXES
Parcel Number
21-07-27.-010P
Land Assessment
$149,630
Improvements Assessment
$583,730
Total Assessment
$733,360
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Walgreens (Subleased to Dollar General) | 932 Lila Ave
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