4580 Monroe St
Toledo, OH 43613
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- INVESTMENT GRADE CREDIT TENANT - Corporately guaranteed lease from Walgreens with an S&P credit rating of BBB.
- STRATEGIC MEDICAL HUB - The subject property is strategically located near an abundance of hospitals, medical centers, and clinics.
- HARD CORNER LOCATION - Strategically positioned on a highly visible 1.6 AC parcel on the hard corner of a 4-way intersection seeing over 60,000 VPD.
- ABSOLUTE NNN LEASE - There are ~4.7 years remaining on an Absolute NNN Fee Simple lease with zero landlord responsibilities.
- DENSE RETAIL MARKET - Located in a prime retail trade area with 230,564 people within a 5-mile radius.
- LONG-TERM OPERATING HISTORY - Walgreens has operated at this location for over 20 years, demonstrating their long-term commitment to the location.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,125 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.60 AC
Zoning
10-CR - General Commercial
Parking
58 Spaces (4.56 Spaces per 1,000 SF Leased)
Frontage
263 FT on Monroe St
AMENITIES
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $361,970 | |
| Land Assessment | $157,920 | Total Assessment | $519,890 |
