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Walgreens | Retail For Sale

$7,451,028

537 W Main Street, Xenia, OH 45385

Active
Last Updated: 06/29/2023

5.35

Cap Rate

398,630

NOI

Details:
Cap Rate:    5.35%
NOI:    $398,630
Building Size:    14,550 sqft
Lot Area:    1.61 acres
Occupancy:    100%
Class:    B
Lease Type:    Absolute Net
Year Built:    2009
Zoning:     B-3
Highlights:
  • Centrally located in the “Transportation Triangle” formed by 3 major inter-state highways, I-70, I-71, and I-75
  • 5.35% CAP with over 13 Years Remaining
  • County Seat of Greene County, Less than 20 Miles from Downtown Dayton
  • Hard Corner Location with Traffic Count of 19,500 Vehicles per Day at Inter-section of W Main St & S Orange St
  • Walmart Supercenter, Kroger, Lowe’s, Kmart, Goodwill, Aldi, Dollar General, and Family Dollar nearby
  • 14,550 SF Building Constructed in 2009 on 1.61 Acres with Drive Thru
Description:

Subject Offering consist of a 14,550 square foot Walgreens on approx. 1.61 acre parcel located at the corner of West Main Street and South Orange Street, which has an excess of approx.19,500 vehicles every day. West Main street is the major thoroughfare in the heart of Xenia. Walgreens is located in a dense area with 9,583 residents currently living within a one mile radius. Site has great visibility and three access point for easy egress and ingress. Walgreens lease is an absolute net no Landlord responsibilities with 13 years remaining. The area features many prominent national tenants, such as Walmart Supercenter, Kroger, Lowe’s, Kmart, Goodwill, Aldi, Dollar General, and Family Dollar. Other national retailers in the immediate area include Mono Muffler, Burger King, Subway, Tim Hortons, McDonald’s, Papa John’s, KFC, Ramada Inn, US Bank, Taco Bell, KeyBank and others.

Xenia is a southeastern suburb of Dayton. Xenia is centrally located in the “transportation triangle” formed by three major interstate highways: I-70, I-71, and I-75. These north-south, east-west arteries are within minutes of Xenia via U.S. Routes 35, 42, and 68, tying the community to one of the nation’s largest 90-minute highway markets. There are three major universities within commuting distance of Xenia. The University of Dayton and Wright State University, and Miami University. All three universities offer full undergraduate, graduate, and doctoral programs. They have a combine total enrollment of 42,506 students.

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