Listed by Encore Real Estate Investment Services
$2,392,520
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,905
Cap Rate 10%
NOI $239,252
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 33.8
Lease Expiration 02/28/2030
Remaining Term 3.6
Lease Options 8, 5-Year Options
Price per SqFt $172
Year Built 1997
Buildings 1
Acreage 2.750
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/29/1996
Dominant Walgreens Location | Rare Double-Signalized | Triangular Corner Lot With 5 Access Points
Investment highlights
- Double Net Lease | Minimal Landlord Responsibilities | Historic Occupancy Spanning 30-Years
- Strong Traffic And High Visibility: Five Curb Cuts Along Three Major Roads With A Total Of 42,646 Cars Per Day
- Oversized Distinct 2.75 Acre Parcel With .43 Acres Of Unused Land And Situated At Multiple Traffic Lights
- Corporate Guarantee | 6.2% Revenue Growth For Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
- Prototype Walgreens W/ Drive-Thru And Ample Parking 2.4 Miles To Aultman Hospital - Largest Employer And Largest Hospital With 1,032-Beds
- Located Nearby The Canton Memorial Civic Center And Canton Museum Of Art
- Huge 1-Mile Population: Dense Infill Neighborhood With 17,766 Residents And 7,850 Households
- 3.7M People In Cleveland/Akron/Canton MSA | 60 Miles From Cleveland | 20 Miles From Akron
- Canton, Ohio Is Home To The Pro Football Hall Of Fame
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$239,252.00
$19,937.67/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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