This Retail Property is Off-Market.

3009 West Market Street
Fairlawn, OH 44333 ·

14,490 SF · Retail For Sale

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Fairlawn, OH Walgreens

Price N/A Occupancy 100%
Building Size 14,490 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2007
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 1.78 SF
Cap Rate 6.15% Parking Ratio 5 / 1,000 SF
Listing ID: 15563547 Date Created: 02/13/2008 Last Updated: 01/21/2009

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.

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

Research

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

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