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Drug Store

Walgreens

3084 Galbraith Rd, Cincinnati, OH 45239

Listing Price: $5,466,700

Cap Rate
9.00%
Tenant Name
Walgreens
Years Remaining On Lease
6.3
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$377.27
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.95

Investment Overview

Built exclusively for Walgreens in 2002, this asset offers a 25 year NNN lease with 6.5 years remaining on the base term. In 2021, Walgreens sublet the site to Dollar Tree. Walgreens remains responsible for the term of the lease.. It is a true NNN lease (no landlord obligations), and the site is an oversized lot offering several points of ingress/egress, for ease in access and ease in any future development opportunities. The site has a drive thru. Located in the heart of the suburbs retail hub, surrounded by other national retailers such as a WalMart SuperCenter located just to the north, McDonald’s, CVS, AutoZone, Staples, Wendy’s, and Pepboys. The operational Dollar Tree continues to be an essential retailer.

Investment Highlights

  • Multiple ingress/egress points from multiple streets
  • True NNN lease with no landlord obligations
  • Strategically located near the areas' Urgent Dental Care Center and Mercy Health Medical Center and Hospital Campus
  • Impressive visibility, with over 64,561 VPD pass in front of or near the site daily
  • Positioned along the region's retail corridor of Colerain Avenue and Galbraith Road
  • Attractive oversized lot favors future development opportunities
  • Densely populated suburb - over 184,746 residents within 5-miles from site

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $5,466,700

Cap Rate
9.00%
Tenant Name
Walgreens
Years Remaining On Lease
6.3
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$377.27
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.95

Investment Highlights

  • Multiple ingress/egress points from multiple streets
  • True NNN lease with no landlord obligations
  • Strategically located near the areas' Urgent Dental Care Center and Mercy Health Medical Center and Hospital Campus
  • Impressive visibility, with over 64,561 VPD pass in front of or near the site daily
  • Positioned along the region's retail corridor of Colerain Avenue and Galbraith Road
  • Attractive oversized lot favors future development opportunities
  • Densely populated suburb - over 184,746 residents within 5-miles from site

Investment Overview

Built exclusively for Walgreens in 2002, this asset offers a 25 year NNN lease with 6.5 years remaining on the base term. In 2021, Walgreens sublet the site to Dollar Tree. Walgreens remains responsible for the term of the lease.. It is a true NNN lease (no landlord obligations), and the site is an oversized lot offering several points of ingress/egress, for ease in access and ease in any future development opportunities. The site has a drive thru. Located in the heart of the suburbs retail hub, surrounded by other national retailers such as a WalMart SuperCenter located just to the north, McDonald’s, CVS, AutoZone, Staples, Wendy’s, and Pepboys. The operational Dollar Tree continues to be an essential retailer.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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