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385 Northland Blvd
Springdale, OH 45240

$4,723,200 USD

Drugstore For Sale  •  14,747 SF

Property Details

• Property Type Drugstore
• Total Building Size 14,747 SF
• Lot Size 2.57 AC
• Building Class C
• Year Built 1991
• Cap Rate 6.25 %
• Tenancy Single
• Zoning LRB, Springdale

0 Transit Score

66 Walk Score

Highlights

Walgreens signed a new 15 year lease in 2023

Lease offers 5% increases throughout the base term and option period providing a strong hedge against inflation.

Positioned at the signalized intersection of Northland Blvd and Springfield Pike, seeing more than 32,000 VPD.

Located in a dense market with a population of over 157,000 within a 5-mile radius.

Neighboring retailers include, Aldi, Jersey Mikes, PNC Bank, Five Below, Lowes, etc.

Cap Rate:

6.25 %

Amenities

• Pylon Sign
• Signalized Intersection
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Cincinnati/Northern Kentucky International	50 min	-	28.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	55
Type:	Surface
Included in Rent:	Yes