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Walgreen's Small Format RELO|On Oversized Lot 5045 N Main St
2,500 SF Retail Building Dayton, OH 45415 $1,870,000 ($748/SF) 6.10% Cap Rate
Investment Highlights
- New Walgreens Pharmacy Small-Format Prototype Store: Personalized Pharmacy Care Geared Towards Health and Wellness and Over-the-Counter Medications
- CorporatelyBacked, Single-Tenant Pharmacy Location with High-Profile, Publicly-Traded Walgreens (NASDAQ: WBA/S&P “BBB-”/Moody’s “Baa2”)
- Near Hard Corner Location of Main Street and Turner/Shoup Mill Road with Over 42,000 Vehicles Per Day Surrounding the Property
- Handpicked Relocation Site in Proven Market! - Long-Term, NNN Lease with 8.5 Years of Term Remaining, Ideally Located on Oversized 1.62 Acre Lot
- Low Price Point Deal Compared to a Traditional Walgreens, Ideal for 1031 Buyers
- Surrounded by Established Residential Neighborhoods and 4 Schools Offering Ideal Demographics: 148,000+ People
Executive Summary
Minimal Management Responsibilities: Tenant Responsible for All Daily Management, While Landlord is Only Responsible for Roof/Structure (15-Year Transferrable Warranty) on Newly Built 2023 Store with Highly Visible Monument Signage with Excellent Frontage
Significant Healthcare Industry in Dayton Economy: Hospital Systems Combined Employment of Nearly 32,000 and Yearly Economic Impact of Over $6.8 Billion - Miami Valley Hospital (Part of Premier Health, 5 Miles), Dayton Children’s Hospital (5 Miles) Employs Approximately 3,900 People, Kettering Medical Center/Kettering Health Network (10 Miles) Offers 8 Area Hospitals and Over 120 Outpatient Facilities Serving Southwest Ohio
Attraction/Destination Location for Major Draw of Visitors and Tourists: Hollywood Gaming at Dayton Raceway (4 miles) Attracts Over 1 Million Annual Visitors, Along with the Wright Brothers, the Dayton Aviation Heritage National Historical Park, and the National Museum of the U.S. Air Force, the World’s Largest and Oldest Military Aviation Museum and the State’s Most-Visited Free Tourist Attraction
Property Facts
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Retailer
- 2,500 SF
- $45.64
- Triple Net
- Jan 2033
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.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Retailer | 2,500 SF | $45.64 | Triple Net | Jan 2033 |
Nearby Major Retailers
Presented by
Walgreen's Small Format RELO|On Oversized Lot | 5045 N Main St
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