Walgreens
14,818 SF | Retail Building | Canal Winchester, OH 43110 | $5,034,483 ($340/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,034,483
- Property Type
-
Retail
- Square Feet
- 14,818 SF
- Price / Square Foot
- $340
Listing Contacts
Randy Blankstein
Verified Profile
John Feeney
Verified Profile
- Property Info
Property Overview
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Columbus MSA in Canal Winchester, Ohio. Walgreens has been operating at this location since 2004 on a 25-year lease that expires in October 2029. The lease features ten 5-year renewal options and is triple net with no landlord responsibilities. Walgreens is an investment grade tenant, rated BBB by Standard & Poor’s.
The 14,498 square-foot property benefits from its hard corner and Walmart out parcel location along Gender Road (38,709 VPD) which has immediate access to US Highway 33 (67,992 VPD). This stretch of Gender Road is populated by a large number of nationally recognized retailers that range from big box to QSR. Names of which include The Home Depot, Walmart Supercenter, Kroger, ALDI, McDonald’s, Chase Bank, Bank of America, Chipotle, Goodwill, AutoZone, NTB, Starbucks, and several others. Additionally, there are 106,130 people living within a five-mile radius. The population within one-mile surpasses a six-figure average household income at $106,818. Furthermore, the daytime population receives a boost from local industrial tenants DHL, Walgreens (Distribution Center), Waste Management, KENCO, TSTech & HFI.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
The 14,498 square-foot property benefits from its hard corner and Walmart out parcel location along Gender Road (38,709 VPD) which has immediate access to US Highway 33 (67,992 VPD). This stretch of Gender Road is populated by a large number of nationally recognized retailers that range from big box to QSR. Names of which include The Home Depot, Walmart Supercenter, Kroger, ALDI, McDonald’s, Chase Bank, Bank of America, Chipotle, Goodwill, AutoZone, NTB, Starbucks, and several others. Additionally, there are 106,130 people living within a five-mile radius. The population within one-mile surpasses a six-figure average household income at $106,818. Furthermore, the daytime population receives a boost from local industrial tenants DHL, Walgreens (Distribution Center), Waste Management, KENCO, TSTech & HFI.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.
Property Details
- Class
- B
- Year Built
- 2004
- Stories
- 1
- Property Subtype
- Drug Store
- Lot Size (sq. ft)
- 85,378 SF
Highlights
- Positioned within the Columbus MSA
- Investment grade tenant – BBB (Standard & Poor’s)
- NNN – no landlord responsibilities
- Established operating history since 2004
- Proximity to US 33 (67,992 VPD)
- Average household income within one mile is $106,818
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