Dark Walgreens | 8+ Yrs | Signalized Corner | 200 S Locust St
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Dark Walgreens | 8+ Yrs | Signalized Corner 200 S Locust St
14,761 SF Retail Building Oxford, OH 45056 $3,790,000 ($257/SF) 10% Cap Rate
Investment Highlights
- Long-term, passive investment | ±8 years of guaranteed term remaining on the absolute NNN lease
- About half-a-mile from Miami University | 17,000+ students | Top 50 National Public University | Top 50 Undergraduate Business Program
- About 1.5 miles from Talawanda High School | ±1,000 students
- Signalized, hard-corner location with a drive-thru
- A few blocks from a new development project name the “Caroline Harrison Building” | A 3-story, 22-unit apartment complex with four retail tenants
- Located along the main retail corridor of the city
Executive Summary
• Long-term, passive investment | ±8 years of guaranteed term remaining on the absolute NNN lease
• Signalized, hard-corner location with a drive-thru
• About half-a-mile from:
– Miami University | 17,000+ students | Top 50 National Public University | Top 50 Undergraduate Business Program | Top 20 Engineering Program
– McCullough-Hyde Memorial Hospital | 45-bed, short term acute care hospital
• Sales increased 9%+ year-over-year | See Agent for details
• A few blocks from a new development project name the “Caroline Harrison Building” | A 3-story, 22-unit apartment complex with four
retail tenants on the bottom floor
• About 1 mile from the Miami University sports fields | Yager Stadium (football), Millet Hall (basketball), Goggin Ice Center (Ice Hockey),
Dauch Indoor Sports Center, and the Recreational Sports Center
• About 1.5 miles from Talawanda High School | ±1,000 students
• Located along the main retail corridor of the city | Surrounding tenants include Kroger, TJ Maxx, McDonald’s, Fifth Third Bank, First Financial Bank, Arby’s, Taco Bell, U.S. Bank, Dollar Tree, Dunkin’, Domino’s, Papa Johns, Little Caesars, among others
• Over 27,000 residents with an average household income exceeding $67,500 within a 10-minute drive
• Signalized, hard-corner location with a drive-thru
• About half-a-mile from:
– Miami University | 17,000+ students | Top 50 National Public University | Top 50 Undergraduate Business Program | Top 20 Engineering Program
– McCullough-Hyde Memorial Hospital | 45-bed, short term acute care hospital
• Sales increased 9%+ year-over-year | See Agent for details
• A few blocks from a new development project name the “Caroline Harrison Building” | A 3-story, 22-unit apartment complex with four
retail tenants on the bottom floor
• About 1 mile from the Miami University sports fields | Yager Stadium (football), Millet Hall (basketball), Goggin Ice Center (Ice Hockey),
Dauch Indoor Sports Center, and the Recreational Sports Center
• About 1.5 miles from Talawanda High School | ±1,000 students
• Located along the main retail corridor of the city | Surrounding tenants include Kroger, TJ Maxx, McDonald’s, Fifth Third Bank, First Financial Bank, Arby’s, Taco Bell, U.S. Bank, Dollar Tree, Dunkin’, Domino’s, Papa Johns, Little Caesars, among others
• Over 27,000 residents with an average household income exceeding $67,500 within a 10-minute drive
Property Facts
Sale Type
Investment NNN
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
14,761 SF
Building Class
B
Year Built
2007
Price
$3,790,000
Price Per SF
$257
Cap Rate
10%
NOI
$379,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.39 AC
Parking
61 Spaces (4.13 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Air Conditioning
Walk Score ®
Very Walkable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | H4100-016-000-110 | Improvements Assessment | $454,040 |
| Land Assessment | $158,610 | Total Assessment | $612,650 |
PROPERTY TAXES
Parcel Number
H4100-016-000-110
Land Assessment
$158,610
Improvements Assessment
$454,040
Total Assessment
$612,650
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Dark Walgreens | 8+ Yrs | Signalized Corner | 200 S Locust St
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