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Drug Store

Walgreens - With Remaining Cash Flow

3583 E Broad St, Columbus, OH 43213

Listing Price: $2,710,000

Tenant Name
Walgreens
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
15,048
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.74

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase a net leased Walgreens retail property in Columbus, Ohio. This is an opportunity for an investor to purchase an asset with remaining cash flow and make plans to re-tenant or redevelop the property. The building is 15,048 square feet, built in 2001 and sits on an oversized 2.27 acre parcel. It has 200 feet of linear frontage on East Broad Street which is the primary East/West corridor running through the heart of Columbus. This Walgreens location has a primary lease term expiring April 30, 2022. The oversized lot has ample parking, great visibility, a drive through, and C-4 zoning allows for a multitude of commercial uses and options to re-tenant or redevelop. With proximity to The Ohio State University, Kroger, Lowes, Target and other major retailers, this site is a desirable location for many new development opportunities. Columbus, the state capital and largest city in the state, is in central Ohio on the Scioto River. Columbus is a fast growing, major American city with a population of more than 700,000 and a strong economy that is not dependent on any one industry. It's leading employers include government agencies and manufacturers of transportation equipment, textiles, metals and consumer goods. Columbus is a port of entry and a major commercial, distribution, and cultural center.

Investment Highlights

  • Drive-Thru Location
  • Oversized 2.27 Acre Parcel
  • 200 Feet of Linear Frontage on East Broad Street
  • 10 Miles East of The Ohio State University
  • Frontage on E Broad Street - +24,500 Vehicles Per Day
  • Property is Located Within a Primary Retail Corridor

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Drug Store

Walgreens - With Remaining Cash Flow

Listing Price: $2,710,000

Tenant Name
Walgreens
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
15,048
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$11.74

Investment Highlights

  • Drive-Thru Location
  • Oversized 2.27 Acre Parcel
  • 200 Feet of Linear Frontage on East Broad Street
  • 10 Miles East of The Ohio State University
  • Frontage on E Broad Street - +24,500 Vehicles Per Day
  • Property is Located Within a Primary Retail Corridor

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase a net leased Walgreens retail property in Columbus, Ohio. This is an opportunity for an investor to purchase an asset with remaining cash flow and make plans to re-tenant or redevelop the property. The building is 15,048 square feet, built in 2001 and sits on an oversized 2.27 acre parcel. It has 200 feet of linear frontage on East Broad Street which is the primary East/West corridor running through the heart of Columbus. This Walgreens location has a primary lease term expiring April 30, 2022. The oversized lot has ample parking, great visibility, a drive through, and C-4 zoning allows for a multitude of commercial uses and options to re-tenant or redevelop. With proximity to The Ohio State University, Kroger, Lowes, Target and other major retailers, this site is a desirable location for many new development opportunities. Columbus, the state capital and largest city in the state, is in central Ohio on the Scioto River. Columbus is a fast growing, major American city with a population of more than 700,000 and a strong economy that is not dependent on any one industry. It's leading employers include government agencies and manufacturers of transportation equipment, textiles, metals and consumer goods. Columbus is a port of entry and a major commercial, distribution, and cultural center.

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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