Walgreens

385 Northland Blvd, Cincinnati, OH
Deal Type:
Net Lease
Price:
$4,723,200
Cap Rate:
6.25%
Current Rent:
$295,200
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13.5 years
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,747 SF
Rent Increases:
5% every 5 years
Site Size:
2.57 Acres

Investment Highlights

  • Commitment to the Site: Walgreens signed a new 15 year lease in 2023
  • Rental Increase: Lease offers 5% increases throughout the base term and option period providing a strong hedge against inflation.
  • Well Situated: Positioned at the signalized intersection of Northland Blvd and Springfield Pike, seeing more than 32,000 VPD.
  • Highly Populated Submarket: Located in a dense market with a population of over 157,000 within a 5-mile radius.
  • Strong Retail Trade Area: Neighboring retailers include, Aldi, Jersey Mikes, PNC Bank, Five Below, Lowes, etc.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Koeppel

Senior Vice President
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Cooperating Broker: Bang Realty, Inc., Brian Brockman, [email protected], OH – BRK.2009000214

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