19 London Rd
Delaware, OH 43015

Marcus & Millichap is pleased to present for purchase the fee simple interest in a Walgreens located at 19 London Road in Delaware, OH. There are just under 8 years remaining on a newly extended NN lease through 2026 with minimal landlord responsibilities. The landlord is only responsible for roof and structure. There are eight, five-year options to renew. The lease is corporately backed by Walgreens Boots Alliance, a Standard & Poor’s BBB investment grade credit tenant. Walgreens sits on 1.69 acres and is strategically located at a hard corner, signalized intersection. The property has excellent traffic counts of 19,943 vehicles per day on London Road and South Sandusky Street. The subject property is surrounded by multiple national retailers such as McDonald’s, Wendy’s, Advanced Auto Parts, CVS, Dollar General, and Pizza Hut. The nearest competing Walgreens is almost ten miles away. The subject is located less than 5 minutes from Ohio Wesleyan University, a private liberal arts college, home to 1,600+ students. Ohio Wesleyan University is one of the top liberal arts colleges in the United States. The area around Walgreens will experience an estimated population growth of over 9% by 2019. In addition to Delaware’s growing population, the average household income is nearly $79,000. Delaware is the county seat of Delaware County and part of the Columbus, Ohio MSA. It is the second fastest growing county in Ohio. The city is famous for The Little Brown Jug, an internationally famous harness race which is part of the Triple Crown of harness racing for Pacers. The Delaware downtown is a vibrant epicenter of the city. It boasts The Strand Theatre, the longest continually run movie theater in Ohio, nearly 20 restaurants, most with outdoor eating spaces. Quaint boutiques, antique shops, bookstores, yoga and dance studios are located amid floral shops, a record shop, cycling store, pre-prohibition style bar, micro breweries and a wide selection of specialty ice cream parlors, coffee shops, commercial banks, salons and spa.