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Drug Store

Abs. Net Walgreens | +/- 7 Years Remaining | Dense Area | Columbus, OH

3093 Cleveland Ave, Columbus, OH 43224

Listing Price: $5,214,815

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$23.75

Investment Overview

Marcus & Millichap is pleased to bring an absolute-net leased Walgreens to market. The Subject Property is located in Columbus, Ohio, along Cleveland Avenue. Walgreens is situated on a signalized hard corner with dedicated turn lanes . Cleveland Ave sees over 19,850 vehicles per day and Oakland Park Ave sees over 10,550 vehicles per day.

Investment Highlights

  • Approximately Seven Years Remaining On an Absolute Net Lease | No Landlord Responsibilities with Ten, Five-Year Renewal Options
  • Situated On a Signalized Hard Corner with Dedicated Turn Lanes | Cleveland Ave Sees Over 19,850 Vehicles per Day and Oakland Park Ave Sees Over 10,550 Vehicles per Day
  • Excellent Visibility with Signage | Ample Parking | Multiple Points of Ingress/Egress
  • Proximity to Northern Lights Shopping Center, a Major Retail Center in the Area Anchored by Saraga International Marketplace Grocery Store
  • Situated in a Dense Retail Corridor Near Multiple National Tenants Such as Save a Lot, GameStop, Family Dollar, Dollar General, Chase Bank, Wendy's, McDonald's, Taco Bell, Little Caesars, KFC, Footlocker and More
  • Strong Demographics: Over 355,300 Residents Within Five-Miles and Projected to Increase by 2026 | Daytime Population Exceeds 512,600 within Five-Miles
  • Just Over One-Mile from Interstate 71 Seeing Over 138,400 Vehicles per Day and Under Four-Miles From John Glenn Columbus International Airport (5.8 Million Annual Passengers)

Exclusively Listed By

Financing By

Drug Store

Abs. Net Walgreens | +/- 7 Years Remaining | Dense Area | Columbus, OH

Listing Price: $5,214,815

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
6.7
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Absolute Net
Rent Per Square Feet
$23.75

Investment Highlights

  • Approximately Seven Years Remaining On an Absolute Net Lease | No Landlord Responsibilities with Ten, Five-Year Renewal Options
  • Situated On a Signalized Hard Corner with Dedicated Turn Lanes | Cleveland Ave Sees Over 19,850 Vehicles per Day and Oakland Park Ave Sees Over 10,550 Vehicles per Day
  • Excellent Visibility with Signage | Ample Parking | Multiple Points of Ingress/Egress
  • Proximity to Northern Lights Shopping Center, a Major Retail Center in the Area Anchored by Saraga International Marketplace Grocery Store
  • Situated in a Dense Retail Corridor Near Multiple National Tenants Such as Save a Lot, GameStop, Family Dollar, Dollar General, Chase Bank, Wendy's, McDonald's, Taco Bell, Little Caesars, KFC, Footlocker and More
  • Strong Demographics: Over 355,300 Residents Within Five-Miles and Projected to Increase by 2026 | Daytime Population Exceeds 512,600 within Five-Miles
  • Just Over One-Mile from Interstate 71 Seeing Over 138,400 Vehicles per Day and Under Four-Miles From John Glenn Columbus International Airport (5.8 Million Annual Passengers)

Investment Overview

Marcus & Millichap is pleased to bring an absolute-net leased Walgreens to market. The Subject Property is located in Columbus, Ohio, along Cleveland Avenue. Walgreens is situated on a signalized hard corner with dedicated turn lanes . Cleveland Ave sees over 19,850 vehicles per day and Oakland Park Ave sees over 10,550 vehicles per day.

Exclusively Listed By

Financing By

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