Drug Store

Walgreens

15031 US-224, Findlay, OH 45840

Listing Price: $29,061,189

Cap Rate
6.84%
Tenant Name
Walgreens
Years Remaining On Lease
8.10
Gross SF
14,560
Guarantor
Corporate Guarantee
Rentable SF
14,560
Price/Gross SF
$1,995.96
Lease Type
Absolute Net
Rent Per Square Feet
$20.39

Investment Overview

This 14,560-square-foot Walgreens property is located at a signalized intersection along US Route 224. US Route 224 is the primary east-west thoroughfare in the trade area. The surrounding area is affluent with average annual household incomes within a one mile radius of approximately $116,000. Findlay is the global headquarters of Cooper Tire and Rubber Company which is a publicly traded company (NYSE: CTB) with a market capitalization in excess of $2 billion. The Walgreens benefits from its location within the dominant retail corridor of the area. The property is positioned directly across the street from a Walmart Supercenter and Kohl’s anchored development. Additional retailers located in the immediate trade area include Lowe’s, Menards, JCPenney, TJ Maxx, Best Buy, Meijer, Staples, Kroger, PetSmart, Ashley Furniture, Dick’s Sporting Goods and Aldi. Further contributing to the strength of the property is its proximity to the University of Findlay which is located approximately four miles west of the property. The University of Findlay is a private university with a total enrollment of approximately 4,000 students.

Investment Highlights

  • Nine Years Remaining on a Triple-Net Lease
  • Located in a Dense Retail Corridor
  • Strong Demographics: Average Household Income of $116,000 in a One-Mile Radius

Exclusively Listed By

Listing Price: $29,061,189

Cap Rate
6.84%
Tenant Name
Walgreens
Years Remaining On Lease
8.10
Gross SF
14,560
Guarantor
Corporate Guarantee
Rentable SF
14,560
Price/Gross SF
$1,995.96
Lease Type
Absolute Net
Rent Per Square Feet
$20.39

Investment Highlights

  • Nine Years Remaining on a Triple-Net Lease
  • Located in a Dense Retail Corridor
  • Strong Demographics: Average Household Income of $116,000 in a One-Mile Radius

Investment Overview

This 14,560-square-foot Walgreens property is located at a signalized intersection along US Route 224. US Route 224 is the primary east-west thoroughfare in the trade area. The surrounding area is affluent with average annual household incomes within a one mile radius of approximately $116,000. Findlay is the global headquarters of Cooper Tire and Rubber Company which is a publicly traded company (NYSE: CTB) with a market capitalization in excess of $2 billion. The Walgreens benefits from its location within the dominant retail corridor of the area. The property is positioned directly across the street from a Walmart Supercenter and Kohl’s anchored development. Additional retailers located in the immediate trade area include Lowe’s, Menards, JCPenney, TJ Maxx, Best Buy, Meijer, Staples, Kroger, PetSmart, Ashley Furniture, Dick’s Sporting Goods and Aldi. Further contributing to the strength of the property is its proximity to the University of Findlay which is located approximately four miles west of the property. The University of Findlay is a private university with a total enrollment of approximately 4,000 students.

Exclusively Listed By

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