Walgreens - Newark, OH
Retail | 8.00% CAP | 14,560 SqFt
Marketing description
Colliers is pleased to offer the opportunity to purchase a long-term Walgreens pharmacy in an irreplaceable location 40 minutes from Columbus, OH at 1425 N 21st Street. The site is at a lighted hard corner intersection that sees more than 30,000 cars per day.
The tenant has been in possession of the building since 2003. The location is on the main retail corner at a lighted intersection and immediately adjacent to a Walmart. Other nearby neighbors include, Kohl’s, Kroger, McDonalds, AutoZone, Panda Express, Taco Bell, Starbucks, Wendy’s and the Ohio State University.
The property is offered at $3,725,000 which translates to a 8.00% cap rate.
Investment highlights
Strategic Location
› Located at the Northwest corner of N 21st St. and Goose Pond Rd
› Located in the heart of Newark and approximately 40 minutes from Columbus
› Hard corner lighted intersection
› Immediate neighbors include Walmart, Kohl’s Kroger, McDonalds, Ohio St. University and more.
Strong Investment Fundamentals
› Corporate Guarantee
› Just extended lease showing commitment to the location
› Signalized hard corner – 30,000+ cars per day
› Exploding growth
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
