1213 N Barron St - Drug Store FOR SALE


Eaton, OH 45320
$3,523,529 USD
248-702-0288
1213 N Barron St, Eaton, OH for Sale
$3,523,529 USD
Drug Store - FOR SALE
1/2
null | 8.5% Cap Rate

1213 N Barron St
Eaton, OH 45320


HIGHLIGHTS

  • Absolute Net Lease | Zero Landlord Responsibilities | Passive Investment
  • 8+ Years Remaining On The Original 25-Year Term | 17-Year History at Subject Property
  • Prototypical Free-Standing Walgreens w/ Drive-Thru On 1.26 Acres
  • Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
  • Hard Corner Signalized 5-Way Intersection I High Volume Traffic Location - Combined Traffic Counts Boast 24,344 VPD+
  • Easy Access Points I Accessible From Lexington Rd and N Barron St - High Visibility Along Main Retail Corridor

OVERVIEW

Absolute Net Lease | Zero Landlord Responsibilities | Passive Investment 8+ Years Remaining On The Original 25-Year Term | 17-Year History at Subject Property Prototypical Free-Standing Walgreens w/ Drive-Thru On 1.26 Acres Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion Hard Corner Signalized 5-Way Intersection I High Volume Traffic Location - Combined Traffic Counts Boast 24,344 VPD+ Easy Access Points I Accessible From Lexington Rd and N Barron St - High Visibility Along Main Retail Corridor 5 Mile Population: 13,167 | 5 Mile Household Income Exceeds $80,936 Limited Drug-Store Competition - Only Walgreens In a 12-Mile Radius Serving the Entire Eaton Market Less Than 1 Mile From Brand-New 72,000 SF Kroger Store Less Than 1 Mile From Kettering Medical Center The Only 24-Hour Emergency Medical Center in Preble County Ohio 18 Miles To Richmond, IN | 27 Miles West Of Dayton, OH Surrounded by Major Retailers: Walmart, Tractor Supply Co, Dollar Tree, O'Reilly Auto Parts, Advance Auto Parts, Goodwill, Burger King, Taco Bell, McDonald's and Many More

FOR SALE DETAILS

PRICE

$3,523,529 USD

PRICE/SF

$242 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.26 AC

LAND SF

54,886 SF

ZONING

C1

APN/PARCEL ID

M40-0006-0-1-30-105-1000

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.