1090 Northview Dr Hillsboro, OH 45133-7629
- Retail space
- 14,613 SF
- 1.55 lot acres
Current Use by Public Records
- Retail space
Property Details for 1090 Northview Dr
- Year built
- 2007
- Lot size
- 1.55 lot acres
- Property size
- 14,613 SF
- Property type
- Retail space
- APN
- 25-09-001-011.01
- APU
- 250900101101
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $450,000
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Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Highland
- State
- Ohio
- Longitude
- -83.6076
- Latitude
- 39.2194
