34 S Allison Ave Xenia, OH 45385

Listing agency SURMOUNT g***@nnnpro.com Show Phone

Listed by Glen Kunofsky · License #NY 49KU1129178

Source Crexi

Added: Apr 12 Updated: Jul 22 at 10:43AM Checked: Jul 22 at 10:43AM

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Investment Insights

Based on property information with market context.

The property is a Rite Aid pharmacy building totaling approximately 14,564 rentable square feet, situated on an estimated 1.92-acre parcel. The site is leased under a 20-year absolute triple-net (NNN) structure with six years remaining. Rent is stated as $394,583, with 10% increases every 10 years. The lease also includes four five-year tenant renewal options, which could extend the total possible lease term by an additional 20 years.

The offering is described as being located in Xenia’s main retail corridor, with surrounding national tenants and traffic drivers including Lowe’s, Walmart, and the town’s school system.

The site is noted to include drive-through functionality and has undergone a recent remodel to the new Rite Aid logo.

Key Highlights

• Standalone Rite Aid at 34 S Allison Ave, Xenia, OH 45385 on an estimated 1.92‑acre parcel
• Approximately 14,564 rentable SF building offered subject to a 20‑year absolute triple‑net (NNN) lease
• Lease has 6 years remaining, with four (4) five‑year tenant renewal options extending the term by 20 years

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Similar Off Market Nearby

• Alexandra Pearcy, RPH — 34 S Allison Ave, Xenia, OH 45385
• Walgreens Pharmacy — 537 W Main St, Xenia, OH 45385
• CVS Pharmacy — 35 S Allison Ave, Xenia, OH 45385
• Courtney Seekins — 35 s allison ave, xenia, oh 453853621
• Rite Aid Pharmacy (en) — 34 S Allison Ave, Xenia, OH 45385

FAQs

What type of property is this?

Drug store - Standalone Rite Aid on an approximately 1.92-acre parcel, offered subject to a 20-year absolute triple-net lease.

Where is this drug store located?

The property is located at 34 S Allison Ave Xenia, OH.

What are key features of this property?

This property features: Standalone Rite Aid at 34 S Allison Ave, Xenia, OH 45385 on an estimated 1.92‑acre parcel; Approximately 14,564 rentable SF building offered subject to a 20‑year absolute triple‑net (NNN) lease; Lease has 6 years remaining, with four (4) five‑year tenant renewal options extending the term by 20 years