751 Richmond Rd - Drug Store FOR SALE
Richmond Heights, OH 44143 |
$4,968,000 USD
216-381-8200
751 Richmond Rd
Richmond Heights, OH 44143
HIGHLIGHTS
- Corporate Lease with Walgreen Co.
- Recent Extension Provides 9 Years of Gauranteed Term
- Focal Outlot to Belle Oaks - Major 60+ AC Retail, Housing, and Office Mixed Use Project Under Development
- 217 Upscale Apartment Units Under Development and 800 Total Under Completion
- Meijer Grocery Store Opening Adjacent Walgreens in 2025
- NNN Lease - Passive Investment Ideal for 1031 Exchange
FOR SALE DETAILS
PRICE
$4,968,000 USD
PRICE/SF
$376 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens | 6.42% CAP | Absolute NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
50
LAND DETAILS
LAND ACRES
1.59 AC
LAND SF
69,391 SF
ZONING
-
APN/PARCEL ID
662-30-112
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216-381-8200
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216-381-8200
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