Walgreens
Retail | 6.25% CAP | 14,408 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Walgreens located at 20485 Euclid Ave, Euclid, OH 44117. The site consists of roughly 14,408 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/23/2023. The current annual rent is $232,800 and has scheduled increases of 5.00% every 5 years.
Investment highlights
Absolute NNN Lease with Rental Growth | The lease features an absolute triple-net structure with zero landlord responsibilities, as Walgreens is responsible for taxes, insurance, and all maintenance. Additionally, 5% rental increases every 5 years provide investors with passive income, long-term cash flow growth, and a natural hedge against inflation.
Strong Corporate Guarantee | Sycamore Partners has completed its acquisition of Walgreens Boots Alliance, making the company private. The deal, valued at up to $23.7 billion, was finalized in August 2025. Walgreens Boots Alliance, Inc., a Fortune 500 company and one of the world’s largest pharmacy retailers.
Cleveland Clinic Euclid Hospital | Just 3.5 miles from the 371-bed Cleveland Clinic Euclid Hospital, this Walgreens benefits from steady healthcare-related traffic from patients, visitors, and staff, supporting strong prescription volume and consistent retail sales.
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