Walgreens - 13 Yr Primary Term | 520 Broadway Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Walgreens - 13 Yr Primary Term 520 Broadway Ave
14,500 SF Retail Building Bedford, OH 44146 $4,420,000 ($305/SF) 5.70% Cap Rate
Investment Highlights
- Rare 5% Rental Increases Every 5 Years Including Options
- New 13 Year Primary Term with Options to Extend into 2095
- Ideal for 1031 Exchange or Investment with Predictable Long-term Cash Flows
- Absolute NNN STNL Walgreens (Fee Simple) – Investment Grade Credit Tenant Rated “BBB” by S&P
- Absolute NNN Leased Asset – Zero Landlord Responsibilities
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to purchase a single tenant absolute NNN leased investment (fee simple). The property is fully occupied by Walgreens with a new 13 Year lease term with 5% rental increases every 5 years including option periods. The store has a strong store sales performance history which is evidenced by their recent new long-term lease commitment. The property is located in Bedford Ohio, a Cleveland Suburb, and situated in close proximity to University Hospital and Bedford Highschool. The property is well positioned on the hard corner signalized intersection of Broadway Avenue and Grace Street in a densely populated Cuyahoga County (1.25 Million Population). This is an excellent opportunity to own a rare Walgreens with 5% Rental Increases every 5 years and a long term absolute NNN lease.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,500 SF
Building Class
C
Year Built
2006
Price
$4,420,000
Price Per SF
$305
Cap Rate
5.70%
NOI
$251,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.57 AC
Zoning
B-2A - Automotive Business District
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 812-05-021 | Improvements Assessment | $310,940 |
| Land Assessment | $422,070 | Total Assessment | $733,010 |
PROPERTY TAXES
Parcel Number
812-05-021
Land Assessment
$422,070
Improvements Assessment
$310,940
Total Assessment
$733,010
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens - 13 Yr Primary Term | 520 Broadway Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.