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1402 Miamisburg-Centerville Rd
Dayton, OH 45459 Outer Centerville/Kettering

$5,833,333

Drugstore For Sale  •  13,650 Sq Ft

Property Details

  • Property Type Drugstore
  • Total Building Size 13,650 Sq Ft
  • Lot Size 1.78 ac
  • Building Class B
  • Year Built 2004
  • Cap Rate 6.00 %
  • Tenancy Single
0 Transit Score
64 Walk Score

Description

We are pleased to present the opportunity to acquire the fee simple interest (land and building) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Walgreens investment property located in Centerville, Dayton, Ohio.
Property is approximately 13,650 square feet located on a ±1.79 prime commercial acre. The investment grade tenant is Walgreen Co. (NASDAQ: WBA | S&P: BBB).
The original 25-year lease runs through April 2029 and followed by Ten 5-year option periods to extend. The lease is corporately guaranteed and is absolute NNN with zero
landlord responsibilities.
The subject site is strategically located at the signalized intersection of Miamisburg Centerville Road and Lyons Road with a combined 64,000 vehicles passing by daily.
The asset has excellent visibility and multiple access with points of ingress and egress on both adjacent streets, as well as a monument sign. The site is also equipped with a drive thru, providing ease and convenience for customers.
Nearby national, regional and local tenants in the surrounding trade area include: Dayton Mall, Sam’s Club, Walmart Supercenter, Target and a variety of other National Regional and local tenants.
The 5-mile trade area is supported by more than 160,000 residents with an average household income of over $90,000. 
Property is offered free and clear of debt or the attractive existing debt can be assumed. Please see page 5 of the Offering Memorandum  for details.

Highlights

Walgreens Corporate Guarantee (NYSE: WBA) – Investment Grade Tenant (S&P BBB)
Absolute NNN – Zero Landlord Responsibility
Fee Simple Allowing for Depreciation
Household Income Exceeding $90,000 in Market Area
Exposure to More than 64,000 Vehicles Per Day
Attractive long term assumbale debt or Free and Clear
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 13,650 SF

Amenities

  • Corner Lot
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Dayton International Airport 36 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Russell Malayery, CCIM, CIPS 404-954-1031 NAI Brannen Goddard
Russell Malayery, CCIM, CIPS 404-954-1031 NAI Brannen Goddard