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Drug Store

Walgreens

1820 Franlkin Street, Toronto, OH 43964

Listing Price: $2,309,722

Cap Rate
5.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,335
Lease Type
Double Net
Rent Per Square Feet
$11.72

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 1820 Franklin St. The site was constructed in 1997, consists of roughly 11,335 rentable square feet of building space and sits on an approximately 1.34-acre parcel of land. Walgreens is subject to a 35-year Double-net (NN) lease, which commenced on May 10th, 1997. The lease was extended until 05/31/2057. The current annual rent is $132,809 and is scheduled to increase by 15.32% in May 2027 as well as every five years thereafter during the extended term if tenant does not exercise their termination options.

Investment Highlights

  • 10-Year Double Net (NN) Lease with Renewed Five (5) –Five (5) Year Options Bringing Lease Term Up to More Than 35 Years
  • Attractive Rental Increases during Renewal Option Periods
  • Corporate Location, Corporate Guarantee | Built in 2004 | Highly Visible

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Listing Price: $2,309,722

Cap Rate
5.75%
Tenant Name
Walgreens
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
11,335
Lease Type
Double Net
Rent Per Square Feet
$11.72

Investment Highlights

  • 10-Year Double Net (NN) Lease with Renewed Five (5) –Five (5) Year Options Bringing Lease Term Up to More Than 35 Years
  • Attractive Rental Increases during Renewal Option Periods
  • Corporate Location, Corporate Guarantee | Built in 2004 | Highly Visible

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 1820 Franklin St. The site was constructed in 1997, consists of roughly 11,335 rentable square feet of building space and sits on an approximately 1.34-acre parcel of land. Walgreens is subject to a 35-year Double-net (NN) lease, which commenced on May 10th, 1997. The lease was extended until 05/31/2057. The current annual rent is $132,809 and is scheduled to increase by 15.32% in May 2027 as well as every five years thereafter during the extended term if tenant does not exercise their termination options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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