Walgreens NNN Property For Sale — Milford, OH · 14,487 SF
Milford, OH 45150
Fee simple interest in an absolute NNN leased investment property guaranteed by Walgreen Co. (S&P: BBB) located in Milford, Ohio within the Cincinnati MSA. The tenant has approximately 6.5 years remaining on the initial term with ten 5-year renewal options. The lease features zero landlord responsibilities. Walgreens currently subleases the location to Dollar General. Situated on a 1.61-acre parcel along Lila Avenue (16,900 VPD) near Interstate 275 (72,200 VPD), the property benefits from a drive-thru and is positioned directly across from a Kroger-anchored shopping center in a dominant retail corridor.
- Address: Milford, OH 45150
- Asking price $3.25M
- 10.00% cap rate
- NOI $325,000
- 6.5 years remaining
- NNN lease
- Year built: 2004
- Building size: 14,487 SF
- Lot size: 1.61 acres
- Guarantor: Corporate
Location
This Walgreens property is in Milford, Ohio.
Asset type: Retail