590 NILLES RD

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590 NILLES RD

FAIRFIELD, OH 45014-2606
Asking Price
$3.11M
Cap Rate
6.3%
Asset Type
Pharmacy/Drug Retail
Class
Class B

What's Special

6.30% Cap Rate | Nearly 13 Years Remaining on Absolute NNN Lease | Rent Increases in Options <ul><li>​Nearly 13 Years Remaining on Corporately Guaranteed Absolute Net Lease</li><li>​Six 5-Year Renewal Options Each With a 5 Percent Rent Increase</li><li>​On 33,300+ AADT Signalized Intersection Across From Kroger-Anchored Retail Center</li><li>​Just 3.1 Miles South of 2,796-Student Miami University Hamilton Via U.S. Highway 127</li><li>​Within 4 Miles of 3,400-Employee Cincinnati Financial Corporation Headquarters</li><li>​$97,293 Average Household Income Within 1 Mile and 139,569 Populat

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NOI
$80,000
Cap Rate
2.57%
DSCR
0.43
Underwater
Cash-on-Cash
-11.22%
Monthly Payment
$15,391.531
Annual Cash Flow
$-104,698.367

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