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512 Green Blvd
Aurora, IN 47001

$4,900,000 USD

Drugstore For Sale  •  14,820 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 15,212 SF
  • Lot Size 3.07 AC
  • Building Class C
  • Year Built 2006
  • Cap Rate 7.99 %
  • Tenancy Single
  • Zoning Commercial
0 Transit Score
46 Walk Score

Highlights

Six (6) Years Remaining on Original 25-year Term with an Absolute Net Lease – Zero Landlord Responsibilities
Corporate Guarantee Lease with 10 x 5-year Options for Maximum Term Through 2081
Opportunity for Positive Leverage - 8.00% Cash on Cash Return Potential
No Internal Competition Within the Western Half of a 40-Mile Radius of the Site – Ohio River Adjacent
Located Near Signalized Intersection of Sunnyside Avenue and Green Blvd (US-50 Hwy) with over 73,000 Cars Per Day
Strong Area Demographics-Population of 58,958 People within a 10-Mile Radius with Average Household income of $101,042 Annually

Property Flyers

Cap Rate: 7.99 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 15,212 SF 8/30/2031

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Public Transportation

AirportDriveWalkDistance
Cincinnati/Northern Kentucky International 39 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
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