Walgreens

Canton, Ohio

Offering Summary

  • Status: accepted offer
  • Price: $3,088,000
  • CAP Rate: 7.75%
  • Term: 9.75 Years
  • Net Operating Income: $239,352
  • Price/SF: $222.08
  • Year(s) Built: 1997
  • Lot Size (Acres): 2.75
  • Lease Type: Double Net
  • 13,905-Square-Foot Walgreens with 9.75 Years Remaining in Canton, Ohio (3.52M People in Cleveland/Akron/Canton MSA)
  • In 2013, Tenant and Landlord Agreed to Extend the Lease for an Additional 13 years to provide a Lease Term Through 2030 Showing Their Strong Commitment to this Location
  • Strong Traffic and High Visibility: Five Curb Cuts Along Three Major Roads with a Total of 37,512 Cars per Day
  • Located in Federal Opportunity Zone
  • Large 2.75 Acre Parcel with .43 Acres of Unused Land
  • Located Nearby the Canton Memorial Civic Center and Canton Museum of Art
  • Huge 1-Mile Population: Dense Infill Neighborhood with 17,375 Residents and 7,227 Households
  • All-Brick Construction with Drive-Thru and Ample Parking
  • Located 0.5 Miles from Downtown Canton | 60 Miles from Cleveland | 20 Miles from Akron
  • Canton, Ohio is Home to the Pro Football Hall of Fame
  • Corporate Walgreen Co. Lease (Walgreens Boots Alliance) | $39 Billion Market Cap (NYSE: WBA) with S&P “BBB/Stable” Investment-Grade Credit
  • Walgreens is #17 on Fortune 500 | $137 Billion in Revenue and $26 Billion Net Worth (FY 2019)
EXCLUSIVELY LISTED BY:

Dustin Javitch

Agents