Historical Retail Sale Listing - Fairlawn, OH Walgreens

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Fairlawn, OH Walgreens

3009 West Market Street, Fairlawn, OH 44333

N/A

14,490 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
14,490 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.15%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2007
Lot Size:
1.78 SF
Parking Ratio:
5 / 1,000 SF
Listing ID
15563547
Last Updated
over 1 year ago

Highlights

  • This is a triple-net lease investment with a primary term of 25 years
  • Exceptional demographics with an average household income of $80,000.00 within 1 mile
  • An attractive long-term investment opportunity with an outstanding investment grade tenant with an A+ S&P credit rating
  • Ideally located in the retail trade destination of Greater Akron, OH
  • Exceptional traffic counts on both West Market Street and Miller Road

Description

This newly constructed Walgreens is strategically located at the Northwest corner of West Market Street (SR 18) and Miller Road, Fairlawn, Ohio. The traffic count on W Market Street is 27,380 cars per day and the traffic count on Miller Road is 23,120 cars per day. The Walgreens building is equipped with a drive-thru facility and an electronic LED readerboard monument sign. The Walgreens site has 75 parking spaces available and two ingress egress points, one at W Market Street and one at Miller Road.

The City of Fairlawn, located in Summit County, Ohio is the retail destination for the entire Greater Akron area. The Summit Mall, Walmart, Target, Sam's Club, Giant Eagle (2 locations), Lowe's, Home Depot, J.C. Penney, Dicks, Barnes and Noble, Flemings, Chipotle and Starbucks are all located within 1.5 miles of the property. Average household income is $80,000.00 within 1 mile radius.

Map of 3009 West Market Street, Fairlawn, OH 44333 (Summit County)

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Created 2/13/2008