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Walgreens | Poland, OH 30 W Mckinley Way

14,560 SF Retail Building Youngstown, OH 44514 $4,800,000 ($330/SF) 7.50% Cap Rate

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Investment Highlights

CORPORATE GUARANTEE FROM WALGREENS
EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE
ROBUST SALES – ABOVE NATIONAL AVERAGE | Property stands out with strong sales performance, consistently surpassing the national average.

ABSOLUTE TRIPLE NET (NNN) LEASE
SOUTHLAND CROSSING | Located just a short 5-minute drive from the subject property is Southland Crossing, a power center anchored by Walmart.

Executive Summary

PRICING - $4,800,000
CAP RATE - 7.50%
NOI - $360,000
LEASE TERM - 6+ YEARS
GUARANTEE - CORPORATE

Final OM_Walgreens - Poland, OH_May 2024 (optimized)

Property Facts

Sale Type

Investment NNN

Sale Condition

Lease Option

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,560 SF

Building Class

Year Built

2004

Price

$4,800,000

Price Per SF

$330

Cap Rate

7.50%

NOI

$360,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.25

Lot Size

1.36 AC

Zoning

Commercial

Parking

30 Spaces (2.06 Spaces per 1,000 SF Leased)

Frontage

125 FT on Main St

Amenities

Signage

Signalized Intersection

Drive Thru

Retailer
99,999 SF
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.