Property summary
This exceptional investment opportunity presents a fee-simple, 14,749 square foot Walgreens located in Hillsboro, Ohio. The property boasts a prime, signalized hard-corner location on Northview Dr (US Hwy 62), benefiting from high visibility and excellent access with 15,800 vehicles per day. This Class B retail building, constructed in 2007, sits on a 1.55-acre lot and includes 49 parking spaces. The property is an outparcel to Burkes Outlet Center and across from a Dunham's Sports-anchored center, further enhancing its strategic positioning. The absolute NNN lease with Walgreens, a credit-rated tenant with a corporate guarantee, offers significant long-term stability. With approximately 8.5 years remaining on the 25-year lease (expiring 09/30/2032), this investment provides a predictable cash flow. The current NOI is $368,500, resulting in an attractive 8.65% cap rate. The asking price is $4,260,000. Ten, 5-year lease options provide additional long-term security. The property's strong location is complemented by nearby amenities including a planned Marriott hotel, Southern State Community College, and numerous national retailers such as Lowe's, Walmart, and Kroger. This is a rare opportunity to acquire a high-performing, passively managed retail investment with substantial upside potential.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight