520 Broadway Ave - Drug Store FOR SALE


Bedford, OH 44146
$4,420,000 USD
949-724-5552
520 Broadway Ave, Bedford, OH for Sale
$4,420,000 USD
Drug Store - FOR SALE
1/7
null | 5.7% Cap Rate

520 Broadway Ave
Bedford, OH 44146


HIGHLIGHTS

  • Rare 5% Rental Increases Every 5 Years Including Options
  • Absolute NNN STNL Walgreens (Fee Simple) – Investment Grade Credit Tenant Rated “BBB” by S&P
  • New 13 Year Primary Term with Options to Extend into 2095
  • Absolute NNN Leased Asset – Zero Landlord Responsibilities
  • Ideal for 1031 Exchange or Investment with Predictable Long-term Cash Flows

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,420,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - 13 Yr Primary Term

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

B-2A

APN/PARCEL ID

812-05-021

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.