Walgreen's Pharmacy - Austintown, IA
Retail | 8.00% CAP | 14,490 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire Walgreens Pharmacy located at 5501 Mahoning Ave Austintown, OH 44515 (the “Property” or “Asset”). The tenant operates under an absolute NNN lease with approximately 6.5 years of primary term remaining, as well as five, five-year renewal options with zero management responsibility.
This offering presents investors with an exceptional opportunity to acquire an asset providing secure, long-term cash flow, backed by a leading national retailer.
Investment highlights
National tenancy with over 12,500 stores nationwide
Absolute NNN with zero landlord responsibilities
Attracts over 386,000 visitors annually ranking it in the top 11% nationwide
6.5 years of primary lease term remaining
Strong retail corridor drawing in 4.3M visitors annually
23+ years of operational history at the site
Prime visibility to 87,000+ vehicles per day
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