Drug Store

Walgreens

Listing Price: $29,061,189

Cap Rate
6.84%
Tenant Name
Walgreens
Years Remaining On Lease
8.40
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$2,005.60
Lease Type
Absolute Net
Rent Per Square Feet
$23.12

Investment Overview

This 14,490-square-foot Walgreens property is strategically located at the signalized intersection of Wales Road, Hills and Dales Road. Wales Road is a primary north-south thoroughfare in the trade area. The surrounding area is densely populated with over 52,000 people living within a three mile radius of the property. The Walgreens property is located within the Canton-Massillon metropolitan statistical area which has a total population in excess of 400,000 people. Canton is home to the Pro Football Hall of Fame which is located approximately seven miles west of the property. Retailers located in the immediate vicinity to the Walgreens include Target, Home Depot, PetSmart, KeyBank, Dollar General, Citizens Bank and Dunkin’ Donuts.

Investment Highlights

  • 8.75 Years Remaining on a Triple-Net Lease
  • Strong Store Sales
  • Strong Demographics: Population Over 52,000 in a Three-Mile Radius

Exclusively Listed By

Listing Price: $29,061,189

Cap Rate
6.84%
Tenant Name
Walgreens
Years Remaining On Lease
8.40
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$2,005.60
Lease Type
Absolute Net
Rent Per Square Feet
$23.12

Investment Highlights

  • 8.75 Years Remaining on a Triple-Net Lease
  • Strong Store Sales
  • Strong Demographics: Population Over 52,000 in a Three-Mile Radius

Investment Overview

This 14,490-square-foot Walgreens property is strategically located at the signalized intersection of Wales Road, Hills and Dales Road. Wales Road is a primary north-south thoroughfare in the trade area. The surrounding area is densely populated with over 52,000 people living within a three mile radius of the property. The Walgreens property is located within the Canton-Massillon metropolitan statistical area which has a total population in excess of 400,000 people. Canton is home to the Pro Football Hall of Fame which is located approximately seven miles west of the property. Retailers located in the immediate vicinity to the Walgreens include Target, Home Depot, PetSmart, KeyBank, Dollar General, Citizens Bank and Dunkin’ Donuts.

Exclusively Listed By

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