Drug Store

Walgreens

4241 Glenway Ave, Cincinnati, OH 45205

Listing Price: $4,371,430

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.5
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$301.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.12

Investment Overview

Built exclusively for Walgreens in 2003, this asset offers a 25 year NNN lease with 7.5 years remaining on the base term, followed by rare and attractive ten years in options of 5-years each. It is a true NNN lease (no landlord obligations), and the site is a generously sized lot offering several points of ingress/egress, for ease in access and ease in any future development opportunities. The site has a drive thru and stabilized sales. Located in the heart of the suburbs residential hub. The subject site is surrounded by the region’s primary schools (Carson Elementary and Elder High school are both within a few blocks from the site). Mercy Health Medical Center and Hospital Campus are located just 2 miles from the site to the North West.

Investment Highlights

  • Multiple ingress/egress points from multiple streets
  • True NNN lease with no landlord obligations
  • Strategically located near the areas' largest medical center in the region (Mercy Health)
  • Limited national competition in the immediate (only 1 other national chain located within 1-mile from the site)
  • Impressive visibility, with over 23,692 VPD pass in front of or near the site daily
  • Rare attractive option periods (10x5)
  • Densely populated suburb - over 262,293 residents within 5-miles from site

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Listing Price: $4,371,430

Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
7.5
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$301.69
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.12

Investment Highlights

  • Multiple ingress/egress points from multiple streets
  • True NNN lease with no landlord obligations
  • Strategically located near the areas' largest medical center in the region (Mercy Health)
  • Limited national competition in the immediate (only 1 other national chain located within 1-mile from the site)
  • Impressive visibility, with over 23,692 VPD pass in front of or near the site daily
  • Rare attractive option periods (10x5)
  • Densely populated suburb - over 262,293 residents within 5-miles from site

Investment Overview

Built exclusively for Walgreens in 2003, this asset offers a 25 year NNN lease with 7.5 years remaining on the base term, followed by rare and attractive ten years in options of 5-years each. It is a true NNN lease (no landlord obligations), and the site is a generously sized lot offering several points of ingress/egress, for ease in access and ease in any future development opportunities. The site has a drive thru and stabilized sales. Located in the heart of the suburbs residential hub. The subject site is surrounded by the region’s primary schools (Carson Elementary and Elder High school are both within a few blocks from the site). Mercy Health Medical Center and Hospital Campus are located just 2 miles from the site to the North West.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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