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Drug Store

Walgreens

5090 Turney Rd, Garfield Heights, OH 44125

Listing Price: $5,690,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
8.3
Gross SF
14,560
Guarantor
Corporate Guarantee
Rentable SF
14,560
Price/Gross SF
$390.80
Lease Type
Absolute Net
Rent Per Square Feet
$26.37

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Walgreens located in Garfield Heights, Ohio. The subject property is a 14,560-square-foot Walgreens with all-brick construction including a drive-thru and ample parking. It is located 0.7 miles away form Interstate 280 which sees over 169,000 vehicles per day. Walgreens is being offered for $5,690,000.

Investment Highlights

  • Abs. NNN Walgreens with 8.25 Years Remaining in Dense Cleveland Suburb
  • Merchandise Sales Up 24% YOY and Overall Sales Up 15% YOY
  • Ten, Five-Year Options Remaining on Lease
  • Ranks in the Top 9% (#21) of All 219 Walgreens Locations in Ohio for Customer Foot Traffic (Source: Placer.AI)
  • Strong Demographics; Population 13,296 Within One Mile and 100,797 Within Three Miles
  • 0.7 Miles Away from Interstate 480, Which Sees Over 169,000 Vehicles Per Day
  • All-Brick Construction with Drive-Thru and Ample Parking
  • Absolute NNN Lease – Zero Landlord Responsibilities

Exclusively Listed By

Listing Price: $5,690,000

Cap Rate
6.75%
Tenant Name
Walgreens
Years Remaining On Lease
8.3
Gross SF
14,560
Guarantor
Corporate Guarantee
Rentable SF
14,560
Price/Gross SF
$390.80
Lease Type
Absolute Net
Rent Per Square Feet
$26.37

Investment Highlights

  • Abs. NNN Walgreens with 8.25 Years Remaining in Dense Cleveland Suburb
  • Merchandise Sales Up 24% YOY and Overall Sales Up 15% YOY
  • Ten, Five-Year Options Remaining on Lease
  • Ranks in the Top 9% (#21) of All 219 Walgreens Locations in Ohio for Customer Foot Traffic (Source: Placer.AI)
  • Strong Demographics; Population 13,296 Within One Mile and 100,797 Within Three Miles
  • 0.7 Miles Away from Interstate 480, Which Sees Over 169,000 Vehicles Per Day
  • All-Brick Construction with Drive-Thru and Ample Parking
  • Absolute NNN Lease – Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, Walgreens located in Garfield Heights, Ohio. The subject property is a 14,560-square-foot Walgreens with all-brick construction including a drive-thru and ample parking. It is located 0.7 miles away form Interstate 280 which sees over 169,000 vehicles per day. Walgreens is being offered for $5,690,000.

Exclusively Listed By

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