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5901 Springboro Pike
Dayton, OH 45449
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute Triple Net (NNN) Lease: Features an absolute NNN lease structure with zero landlord responsibilities
- Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site
- Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius
- Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer
- Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S
- High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day
Executive Summary
Absolute Triple Net (NNN) Lease: Features an absolute NNN lease structure with zero landlord responsibilities
Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer, two high-performing retail giants that drive consistent consumer traffic
Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site
Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S
Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius
High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day, ensuring strong exposure for the property.
Expansive Lot Size: Situated on a 4.8-acre lot just off the major intersection of North Springsboro Pike and West Alex Bell Road, providing significant flexibility for future development or expansion.
Surrounded by National Tenants: Neighboring national brands include Meijer, Kroger, O'Reilly Auto Parts, Rally's, Valvoline, Popeyes, and more
Shadow Anchored by Major Retailers: The property benefits from its location directly across the street from Kroger and Meijer, two high-performing retail giants that drive consistent consumer traffic
Limited Competition: The closest Walgreens or CVS is located 4.5 miles away from the subject site
Nationally Recognized Tenant – Walgreens: Occupied by Walgreens, the second-largest pharmacy chain in the U.S
Robust Demographics: Population exceeding 148,000 residents within a 5-mile radius. Average household income of $72,390 within a 1-mile radius
High Visibility and Traffic Counts: Located on Springboro Pike, which sees an impressive 23,000 vehicles per day, ensuring strong exposure for the property.
Expansive Lot Size: Situated on a 4.8-acre lot just off the major intersection of North Springsboro Pike and West Alex Bell Road, providing significant flexibility for future development or expansion.
Surrounded by National Tenants: Neighboring national brands include Meijer, Kroger, O'Reilly Auto Parts, Rally's, Valvoline, Popeyes, and more
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2004
Price
$3,411,498 CAD
Price Per SF
$234.31 CAD
Cap Rate
9.50%
NOI
$324,050 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
4.80 AC
Zoning
Commercial - General Commercial
Parking
48 Spaces (3.3 Spaces per 1,000 SF Leased)
Frontage
130’ on Springboro Pike
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | K47-02407-0065 | Improvements Assessment | $459,573 CAD |
| Land Assessment | $359,669 CAD | Total Assessment | $819,242 CAD |
Property Taxes
Parcel Number
K47-02407-0065
Land Assessment
$359,669 CAD
Improvements Assessment
$459,573 CAD
Total Assessment
$819,242 CAD
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