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Drug Store

Walgreens

3084 Galbraith Rd, Cincinnati, OH 45239

Listing Price: $5,178,947

Cap Rate
9.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$357.42
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 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 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
  • Double digit cash-on-cash return
  • 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

Financing By

Listing Price: $5,178,947

Cap Rate
9.50%
Tenant Name
Walgreens
Years Remaining On Lease
5.5
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$357.42
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
  • Double digit cash-on-cash return
  • 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 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 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

Financing By

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