The Boulder Group and Bang Realty are pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Columbus MSA in Canal Winchester, Ohio. Walgreens has been operating at this location since 2004 and in October 2024 executed a lease extension through October 2036, demonstrating commitment to the site. The lease features nine 5-year renewal options and is triple net with no landlord responsibilities. Additionally, there is a significant 15% rental escalation in the first renewal option. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue.
The 14,498 square-foot property benefits from its hard corner and Walmart out parcel location along Gender Road (38,709 VPD) which has immediate access to US Highway 33 (67,992 VPD). This stretch of Gender Road is populated by a large number of nationally recognized retailers that range from big box to QSR. Names of which include The Home Depot, Walmart Supercenter, Kroger, ALDI, McDonald’s, Chase Bank, Bank of America, Chipotle, Goodwill, AutoZone, NTB, Starbucks, and several others. Additionally, there are 106,130 people living within a five-mile radius. The population within one-mile surpasses a six-figure average household income at $106,818. Furthermore, the daytime population receives a boost from local industrial tenants DHL, Walgreens (Distribution Center), Waste Management, KENCO, TSTech & HFI.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.