5901 Springboro Pike - Drug Store FOR SALE


Dayton, OH 45449
$2,611,111 USD
248-702-0288
5901 Springboro Pike, Dayton, OH for Sale
$2,611,111 USD
Drug Store - FOR SALE
1/6
null | 9% Cap Rate

5901 Springboro Pike
Dayton, OH 45449


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease: Features an absolute NNN lease structure with zero landlord responsibilities
  • Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer
  • Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site
  • Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S
  • Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius
  • High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day

OVERVIEW

Absolute Triple Net (NNN) Lease: Features an absolute NNN lease structure with zero landlord responsibilities Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer, two high-performing retail giants that drive consistent consumer traffic Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day, ensuring strong exposure for the property. Expansive Lot Size: Situated on a 4.8-acre lot just off the major intersection of North Springsboro Pike and West Alex Bell Road, providing significant flexibility for future development or expansion. Surrounded by National Tenants: Neighboring national brands include Meijer, Kroger, O'Reilly Auto Parts, Rally's, Valvoline, Popeyes, and more

FOR SALE DETAILS

PRICE

$2,611,111 USD

PRICE/SF

$179 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

Commercial

APN/PARCEL ID

K47-02407-0065

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.