Florence, KY

Price: $ 3,050,000
CAP Rate: 10.00%
NOI: $ 305,000
Lease Term Remaining Before Options: 3 Years 10 Months
Investment Highlights
  • Located approximately 12 miles south of downtown Cincinnati within the Cincinnati MSA, providing access to a large employment base.
  • Located approximately 1.2 miles from St. Elizabeth Florence Hospital, a 180-bed regional medical campus providing emergency, outpatient, and pediatric services including the Children’s Pavilion, supporting consistent pharmacy utilization.
  • Positioned along US-25 with connectivity to Interstate 71/75 and within close proximity to Cincinnati/Northern Kentucky International Airport, a major regional logistics and passenger hub.
  • Located approximately 1.5 to 2 miles from a primary Northern Kentucky retail corridor along Mall Road and Houston Road, anchored by Walmart, Target, The Home Depot, Meijer, Sam’s Club, Lowe’s, Kohl’s, ALDI, and Gabe’s.
  • Walgreens operated on an absolute net lease with no landlord responsibilities whatsoever.
Offering Summary

We are pleased to market for sale the Walgreens located at 6617 Dixie Highway in Florence, Kentucky 41042 (the “Property”). The Property is leased on an absolute triple net basis with no landlord responsibilities.

 

The site benefits from proximity to Interstate 71/75, providing regional connectivity to downtown Cincinnati, Louisville, and Lexington. Cincinnati/Northern Kentucky International Airport is located approximately 2 miles from the Property and serves as a major regional employment and logistics hub.

 

The Property is located approximately 1.2 miles from St. Elizabeth Florence Hospital, a 180-bed regional medical campus providing emergency, outpatient, and pediatric services, including the Children’s Pavilion. The hospital serves as a primary healthcare provider for Northern Kentucky.

 

The Property is also located approximately 1.5 miles from a major retail corridor along Mall Road and Houston Road, anchored by national tenants including Walmart, Target, The Home Depot, Meijer, Sam’s Club, Lowe’s, Kohl’s, ALDI, and Gabe’s. The corridor functions as a primary retail destination for Boone County and surrounding Northern Kentucky communities.

Price: $ 3,050,000
CAP Rate: 10.00%
NOI: $ 305,000
Lease Term Remaining Before Options: 3 Years 10 Months