Drug Store

WALGREENS I LIMITED COMPETITION I 11+ YEARS

1820 Franklin St, Toronto, OH 43964

Listing Price: $2,091,500

Cap Rate
6.35%
Tenant Name
Walgreens
Years Remaining On Lease
11.3
Gross SF
11,335
Guarantor
Corporate Guarantee
Rentable SF
11,335
Price/Gross SF
$184.52
Lease Type
Double Net
Rent Per Square Feet
$11.72

Investment Overview

Marcus & Millichap is pleased to exclusively present this Walgreens located at 1820 Franklin Street in Toronto, OH. Walgreens is subject to a double net lease with over 11 years remaining. The lease is corporately guaranteed by Walgreens Boots Alliance, the largest Retail Pharmacy, health and daily living destination across the U.S. and Europe.

Investment Highlights

  • Double Net Lease with Over 11 Years Remaining on the Lease Base Term and Features Five, Five-Year Options to Extend, Each with an Attractive Rent Increase.
  • Situated 45-Miles West of Downtown Pittsburgh, 30-Miles to Pittsburgh International Airport, and a Few Miles from the Ohio and Pennsylvania State Border.
  • Initially Tenanted by Rite Aid for over 20 Years, Walgreens Acquired this Site as Part of Their 2018 Acquisition of Nearly 2,000 Rite Aid Locations.
  • Walgreens Exercised their First Option 9 Years Early and Recently Updated the Store, Showing Long Term Commitment to the Site.

Exclusively Listed By

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Drug Store

WALGREENS I LIMITED COMPETITION I 11+ YEARS

Listing Price: $2,091,500

Cap Rate
6.35%
Tenant Name
Walgreens
Years Remaining On Lease
11.3
Gross SF
11,335
Guarantor
Corporate Guarantee
Rentable SF
11,335
Price/Gross SF
$184.52
Lease Type
Double Net
Rent Per Square Feet
$11.72

Investment Highlights

  • Double Net Lease with Over 11 Years Remaining on the Lease Base Term and Features Five, Five-Year Options to Extend, Each with an Attractive Rent Increase.
  • Situated 45-Miles West of Downtown Pittsburgh, 30-Miles to Pittsburgh International Airport, and a Few Miles from the Ohio and Pennsylvania State Border.
  • Initially Tenanted by Rite Aid for over 20 Years, Walgreens Acquired this Site as Part of Their 2018 Acquisition of Nearly 2,000 Rite Aid Locations.
  • Walgreens Exercised their First Option 9 Years Early and Recently Updated the Store, Showing Long Term Commitment to the Site.

Investment Overview

Marcus & Millichap is pleased to exclusively present this Walgreens located at 1820 Franklin Street in Toronto, OH. Walgreens is subject to a double net lease with over 11 years remaining. The lease is corporately guaranteed by Walgreens Boots Alliance, the largest Retail Pharmacy, health and daily living destination across the U.S. and Europe.

Exclusively Listed By

  • Michael A. Cardone

    Licensed Real Estate Salesperson

    Email Michael

    License(s): NY: 10401311477

    Manhattan

  • Christopher Pappas

    Licensed Real Estate Salesperson

    (212) 430-5180

    Email Christopher

    License(s): NY: 10401300636

    Manhattan

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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