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12+ Year NNN in Cincinnati MSA

$ 5,679,984 12.3

6.25% CAP

1 S Viewpoint Drive,
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Overview

  • Price:
  • $ 5,679,984 12.3
  • CAP Rate:
  • 6.25%
  • Years Guaranteed:
  • 12.3
  • NOI:
  • $354,999

Investment Highlights

ALEXANDRIA, KY WALGREENS

  • Unique Kroger Co-Branding, One of Only 13 in Pilot Program – Driving Sales Up by 20% in Last Few Years
  • Absolute Net Lease – Zero Landlord Responsibilities
  • Strategic Location for Walgreens – Just 12 Miles From Downtown Cincinnati, OH
  • Strong Traffic Counts: 29,000 VPD
  • Shadow Anchored by a Walmart Supercenter
  • Full Walgreens Corporate Guaranty

This is one of only 13 Walgreens that served as a pilot program for a co-branding partnership with Kroger. These stores feature convenience and food items of which 30% were Kroger store brands. The partnership has produced tremendous results, as Walgreens store sales are up over 20% at this location since the launch. This store is well positioned immediately across the street from a Walmart Supercenter, on the high traffic intersection of Alexandria Pike and Viewpoint. With a full Guaranty from Walgreens Corporate, this store is ideal for a 1031 exchange

Documents
Address: 1 S Viewpoint Drive
State/County:
Zip: 41001
Country: United States
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John Giordani