Walgreens
Retail Property For Sale
Marketing description
Introducing a lucrative investment opportunity with WALGREENS located at 95 W Garfield Rd, Aurora, OH 44202. This retail property is listed at a competitive price of $3,918,000, offering a high cap rate of 7.4% and a net operating income of $289,800.
Boasting a stable tenant with a strong corporate background, Walgreens has successfully operated at this prime suburban location for over 17 years. The property features a long-term lease with 9.5 years remaining, providing an average return of 7.81% over the next nine years. Situated in a high-income suburb with an average household income exceeding $155K within a 5-mile radius, this investment opportunity is surrounded by a thriving retail corridor with notable national tenants.
With built-in rent escalations and excellent accessibility, this property promises a secure and profitable investment in a prime location between Akron and Cleveland. Don't miss this chance to secure a high-performing asset with Walgreens as the anchor tenant.
Investment highlights
Absolute NNN Lease with Zero Landlord Responsibilities
Average Return over the next nine years of 7.81%
Walgreens early extension demonstrates long-term commitment to this location
High-performing Walgreens location – inquire with broker for details
Proven Location: Walgreens has successfully operated out of this location since 2007 | +17 Years
Extremely High Income Suburb With Average Household Incomes of +$155K in a 5-Mile Radius
Prime suburban location between Akron and Cleveland, within 30 minutes of downtown Cleveland and 35 minutes of downtown Akron
Positioned at the Signalized Intersection of S Aurora Rd and W Garfield Rd | Total Traffic Counts of +23,375
Built-in rent escalations: 5% increases every five years
Excellent accessibility with multiple points of ingress/egress and ample parking
Situated within a Retail Corridor and Surrounded by National Retailers Including Starbucks, McDonald's, Dollar Tree, Dunkin', Subway, and Wendy's
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