Skip to main content

Drug Store

Absolute NNN Walgreens in Columbus MSA

6266 Gender Rd, Canal Winchester, OH 43110

Listing Price: $5,703,126

Cap Rate
6.40%
Tenant Name
Walgreens
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.07

Investment Overview

Subject is a Prime 14,560 Square-Foot Build-to-Suit Walgreens on a 1.96-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, Strategically Located on a Signalized Intersection Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Over Six Years Remaining and 10 x 5-Year Options

Investment Highlights

  • Robust Traffic Counts on Gender Road (17,506 VPD) and Winchester Boulevard (9,774 VPD), a Quarter Mile off of US Highway 33 (53,743 VPD) (Source: LandVision, CoStar, ODOT, 2022)
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Well Established Retail Area | Nearby National Retailers Include: Walmart, Dollar Tree, Starbucks, AutoZone, Kroger, Hampton Inn, Popeyes, Best Western, Buffalo Wild Wings, Chipotle, and Others
  • Affluent Community with an Average Household Income of Over $87K within Five Miles of the Subject Asset, as of 2022
  • Subject is 13 Miles from John Glenn Columbus International Airport, Serving 6 Million Passengers Annually and 13 Miles from Downtown Columbus, with a Population of 906K

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Drug Store

Absolute NNN Walgreens in Columbus MSA

Listing Price: $5,703,126

Cap Rate
6.40%
Tenant Name
Walgreens
Years Remaining On Lease
6.4
Guarantor
Corporate Guarantee
Rentable SF
14,560
Lease Type
Absolute Net
Rent Per Square Feet
$25.07

Investment Highlights

  • Robust Traffic Counts on Gender Road (17,506 VPD) and Winchester Boulevard (9,774 VPD), a Quarter Mile off of US Highway 33 (53,743 VPD) (Source: LandVision, CoStar, ODOT, 2022)
  • Investment-Grade Credit Tenant Walgreens Boots Alliance (NASDAQ: WBA) has a Long-Term Stable Credit Rating of Baa2 (Stable) from Moody's and Investment Grade Rating of BBB (Stable) from S&P
  • Well Established Retail Area | Nearby National Retailers Include: Walmart, Dollar Tree, Starbucks, AutoZone, Kroger, Hampton Inn, Popeyes, Best Western, Buffalo Wild Wings, Chipotle, and Others
  • Affluent Community with an Average Household Income of Over $87K within Five Miles of the Subject Asset, as of 2022
  • Subject is 13 Miles from John Glenn Columbus International Airport, Serving 6 Million Passengers Annually and 13 Miles from Downtown Columbus, with a Population of 906K

Investment Overview

Subject is a Prime 14,560 Square-Foot Build-to-Suit Walgreens on a 1.96-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, Strategically Located on a Signalized Intersection Absolute NNN Lease with a 25-Year Base Term and Zero Landlord Responsibility | Over Six Years Remaining and 10 x 5-Year Options

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower