859 E Main St - Drug Store FOR SALE


Lancaster, OH 43130
$4,355,294 USD
925-390-8518
859 E Main St, Lancaster, OH for Sale
$4,355,294 USD
Drug Store - FOR SALE
1/2
null | 8.5% Cap Rate

859 E Main St
Lancaster, OH 43130


HIGHLIGHTS

  • Absolute NNN Lease
  • Zero Landlord Responsibilities
  • National Credit Tenant – Walgreens (NASDAQ: WBA)
  • High-Traffic Retail Corridor – 19,282 VPD Along East Main St
  • Surrounded by National Retailers – Kroger, McDonald’s, Advance Auto Parts, Taco Bell, Burger King
  • Strong Medical Presence – Fairfield Medical Center and OhioHealth Physician Group

OVERVIEW

The Kase Group is pleased to present an exceptional opportunity to acquire a Walgreens property located in Lancaster, Ohio. The asset is secured by a 25-year Absolute NNN Lease with zero landlord responsibilities. The lease commenced in April 2005 and is set to expire in May 2030, with ten, 5-year renewal options, providing significant long-term stability. The property benefits from a prime retail location in one of Lancaster’s most established and commercially active corridors, with 19,282 vehicles per day (VPD) traveling along East Main Street. The surrounding trade area features a strong mix of national retailers, essential services, and educational institutions. Nearby brands and service providers include Kroger, Advance Auto Parts, McDonald’s, Burger King, and Taco Bell, all contributing to consistent daily traffic and consumer demand. Healthcare services are anchored by Fairfield Medical Center and OhioHealth Physician Group, which help sustain a stable daytime population. Educational institutions in close proximity include Lancaster High School (1,700 students) and East Elementary School (450 students).

FOR SALE DETAILS

PRICE

$4,355,294 USD

PRICE/SF

$301 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Absolute NNN Leased Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

05-35104-600

ASK ABOUT THIS PROPERTY

Jason DenhamThe Kase GroupMore Info
925-390-8518

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Jason DenhamThe Kase GroupMore Info
925-390-8518

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