Property profile

1090 Northview Dr Hillsboro, OH 45133

OFF-MARKET
Retail space
Property ID
US66-4723402
14,613 SF 1.55 ac lot Built 2007
Individually Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2007
Total area 14,613 SF
Lot 1.55 ac (67,474 SF)
APN 25-09-001-011.01
UPID US66-4723402

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1090 Northview Dr Hillsboro, OH 45133-7629
Hillsboro metro Census 954900
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$450k

Owner & transaction history

since 2013
2 recorded transactions
2013
$4.5M
2008
$5.7M

Zoning & alternative use

Top alternative use upside
Commercial (general) $945,000 +33.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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