Listed by Trinity Real Estate Investment Services
$3,999,500
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,650
Units 1
Cap Rate 8.15%
NOI $326,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 01/30/2034
Remaining Term 7.5
Price per SqFt $293
Year Built 2009
Buildings 1
Acreage 1.480
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 01/03/2009
Ground Lease No
Ownership Fee Simple
Retail | 8.15% CAP | 13,650 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Walgreens in Jackson, OH. The subject property has 7+ years remaining on current term with long-standing occupancy with consistent foot traffic and visibility.
Property Website: https://trinityreis.com/listing/521-e-main-st/
In cooperation with Brian Brockman at Bang Realty, Inc | OH #BRK.2009000214 | [email protected] | (513) 898-1551
Investment highlights
- Walgreens in Jackson, OH With 7+ Years Remaining on Current Term
- Long-Standing Occupancy With Consistent Foot Traffic and Visibility
- Hard Corner Lot at a Signalized Intersection With Combined Traffic Counts of 15,000+ Vehicles Passing Daily
- Easy Ingress/Egress and Ample Parking Capacity for Customers and Staff
- Healthy 5-Mile Demographics With Nearly 13,000 Residents
- Directly Across From Kroger Anchored Jackson Square Shopping Mall
- Just 0.5 Miles From Ohio State Route 124 (James A Rhodes Appalachian Hwy)
- Right to Terminate the Lease Effective January 31, 2034 With at Least 12 Months’ Prior Written Notice
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$326,000.00
$27,166.67/mo
Valuation Metrics
0
DSCR
8.15%
Cap Rate
8.15%
ROI
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