521 E Main St - Drug Store FOR SALE


Jackson, OH 45640
$4,205,000 USD
646-494-4658
521 E Main St, Jackson, OH for Sale
$4,205,000 USD
Drug Store - FOR SALE
1/5
null | 7.75% Cap Rate

521 E Main St
Jackson, OH 45640


HIGHLIGHTS

  • Absolute NNN Lease - Fee Simple Walgreens
  • 8.5+ years remaining on original lease with options to extend into 2083
  • Investment Grade Credit Tenant - rated BBB by S&P
  • Walgreens ranked 16th in Fortune Global 500
  • Just off Ohio State Route 124 (Appalachian Highway)
  • Long term occupancy and proven location

OVERVIEW

We are pleased to offer exclusively this absolute NNN fee simple Walgreens with 8.5+ lease years remaining. Located in Jackson, Ohio, the subject property is positioned at the intersection of Main Street and South Street, and is located one-half (1/2) mile from Ohio State Route 124. The property sits adjacent to Jackson Square shopping mall, occupied by Kroger, Anytime Fitness, Wendy’s, Long John Silver’s, and Speedway. Walgreens boasts an investment grade rating of BBB from Standard and Poor’s, and a long-term rating of Baa2 from Moody’s. This is an excellent opportunity to own an absolute NNN lease investment with a strong credit tenant on a signalized intersection with 8.5+ lease years remaining and no landlord obligations.

FOR SALE DETAILS

PRICE

$4,205,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

B-3

APN/PARCEL ID

H14-020-00-044-00,H14-020-00-045-00,H14-020-00-046-01

ASK ABOUT THIS PROPERTY

Arthur KaplanAnchor RetailMore Info
646-494-4658

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Arthur KaplanAnchor RetailMore Info
646-494-4658

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